[Step-by-Step] EFFECT OF ADVERTISING ON SALES. The quarterly profit of Cunningham Realty depends on the amount of money x spent on advertising/quarter according


Question: EFFECT OF ADVERTISING ON SALES. The quarterly profit of Cunningham Realty depends on the amount of money \(x\) spent on advertising/quarter according to the rule

\[P(x)=-\frac{1}{8} x^{2}+7 x+30 \quad(0 \leq x \leq 50)\]

where \(P(x)\) and \(x\) are measured in thousands of dollars. What is Cunningham's profit when its quarterly advertising budget is $28,000?

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