SOLUTION: Minimizing cost. A company uses the formula C(x) = 0.02x² - 3.4x + 150 to model the unit cost in dollars for producing x stabilizer bars. For what number of bars is the unit cost a
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Question 426941: Minimizing cost. A company uses the formula C(x) = 0.02x² - 3.4x + 150 to model the unit cost in dollars for producing x stabilizer bars. For what number of bars is the unit cost at its minimum? What is the unit cost at that level of production?
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
C(x) = 0.02x² - 3.4x + 150
-b/2a is the minimum
-(-3.4)/2(.02)
=3.4/.04
=85 bars
.
.02*85^2-3.4*84+150
=144.5-289+150
=$5.50 unit cost
.
Ed
.
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