SOLUTION: .0Minimizing Cost: A company uses the formula: c(x) = 0.02x^2 - 3.4x + 150 to model the unit cost in dollars for producing x stabilizer bars. For what number of bars is the unit
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Question 98694: .0Minimizing Cost: A company uses the formula: c(x) = 0.02x^2 - 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 it's 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! a=.02 b=-3.4 c=150
minimum at x= -b/2a=3.4/(2*.02)=85 bars
minimum of y=a*x^2+b*x+c=.02*85^2+-3.4*85+150=144.5-289+150=$5.50
Ed
