document.write( "Question 60372This question is from textbook Elementry and Intermediate Algebra
\n" ); document.write( ": Hello,\r
\n" ); document.write( "\n" ); document.write( "Do I need to rearange this type problem to solve?\r
\n" ); document.write( "\n" ); document.write( "Please advise....\r
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\n" ); document.write( "\n" ); document.write( "Q 19: A company uses the cost function C (w) = 0.04 w^2 – 6.0 w + 275 to model the unit cost in dollars for producing ‘w’ widgets. Find:\r
\n" ); document.write( "\n" ); document.write( "a. How many widgets the company needs to make to achieve minimum unit cost?
\n" ); document.write( "b. What is the minimum unit cost?
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Algebra.Com's Answer #41472 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
You can plot this equation or just picture what it should look like
\n" ); document.write( "I'll just try to describe it.
\n" ); document.write( "(1) Because the \"w%5E2\" term is positive, the graph is a parabola
\n" ); document.write( "that slopes negatively down from the left, comes down to a minimum and
\n" ); document.write( "slopes back up positively.
\n" ); document.write( "(2) The problem is to find the minimum. The minimum will be half way
\n" ); document.write( "between two values of w that have the same C(w), in other words, half
\n" ); document.write( "way between the points (w[1],C[1]) and (w[2],C[2]) where C[1] = C[2]
\n" ); document.write( "\"C+=+.04%2Aw%5E2+-+6%2Aw+%2B+275\"
\n" ); document.write( "If they don't produce any widgets, the fixed cost is $275
\n" ); document.write( "\"C+=+.04%2A0+-+6%2A0+%2B+275\"
\n" ); document.write( "\"C+=+275\"
\n" ); document.write( "Now, if I find another value of w for which C(w) = 275, the C(w) mid-
\n" ); document.write( "way between (0,275) and (w[2],275) will be minimum cost
\n" ); document.write( "\"C+=+.04%2Aw%5E2+%96+6%2Aw+%2B+275\"
\n" ); document.write( "\"275+=+.04%2Aw%5E2+%96+6%2Aw+%2B+275\"
\n" ); document.write( "subtract 275 from both sides
\n" ); document.write( "\".04%2Aw%5E2+%96+6%2Aw+=+0\"
\n" ); document.write( "\"w%2A%28.04%2Aw+-+6%29+=+0\"
\n" ); document.write( "If the 1st factor, w, is zero, that's the point we already have, (0,275)
\n" ); document.write( "so, set the 2nd factor equal to zero.
\n" ); document.write( "\".04%2Aw+-+6+=+0\"
\n" ); document.write( "\".04%2Aw+=+6\"
\n" ); document.write( "\"w+=+150\"
\n" ); document.write( "That's our 2nd point. We now have (0,275 and (150,275)
\n" ); document.write( "The minimum C is halfway between the w's, or \"150%2F2+=+75\"
\n" ); document.write( "That's the answer to (a), 75 widgets made give minimum cost
\n" ); document.write( "Now find C(w)
\n" ); document.write( "\"C+=+.04%2Aw%5E2+-+6%2Aw+%2B+275\"
\n" ); document.write( "\"C+=+.04%2A%2875%29%5E2+-+6%2A%2875%29+%2B+275\"
\n" ); document.write( "\"C+=+.04%2A5625+-+450+%2B+275\"
\n" ); document.write( "\"C+=+225+-+450+%2B+275\"
\n" ); document.write( "\"C+=+50\"
\n" ); document.write( "That means the min is at (75,50) and the answer to (b) is
\n" ); document.write( "the minimum unit cost is $50
\n" ); document.write( "A simple test will tell you if this is truly the min
\n" ); document.write( "Find C(w) for w = 74.9 and for w= 75.1. These values of w should
\n" ); document.write( "give costs that are both slightly higher than $50.
\n" ); document.write( "I get C(w) = 50.0004 for both
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