SOLUTION: For a small manufacturing firm, the unit cost C(x) in dollars of producing x units per day is given by C(x)= x^2-120x+4000 how many items should be produced per day to minimize the

Question 1066939: For a small manufacturing firm, the unit cost C(x) in dollars of producing x units per day is given by C(x)= x^2-120x+4000 how many items should be produced per day to minimize the unit cost, and what is the minimum unit cost?

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
For a small manufacturing firm, the unit cost C(x) in dollars of producing x units per day is given by C(x)= x^2-120x+4000 how many items should be produced per day to minimize the unit cost, and what is the minimum unit cost?
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minimum occurs at x = -b/(2a) = 120/(2*1) = 60 units per day
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Minimum Cost = 60^2-120*60+4000 = $400
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Cheers,
Stan H.
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