Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Please check that the expression for the cost you typed reflects what you read in the problem.
Isn't there a "square" in one of the "x" values of the cost equation?
Great. I see now the actual equation for cost to be:
Cost = 0.3 x^2 - 66 x + 13267.
The minimum unit cost will be given by the minimum of this quadratic function (a parabola) which has a minimum at the parabola's vertex. Notice this is a parabola with branches pointing UP because the coefficient of the term in x^2 is POSITIVE.
Recall then the equation for the x position of the vertex of a pparabola with equation of the form:
y = a x^2 + b x + c
the x-position of the vertex is: x = - b / (2a)
which in our case gives:
x of the vertex = - (- 66) / (2 * 0.3) = 110
Then, since the x values represent the number of cars that are made , we now that that minimum occurs when the number of cars produced is 110.
We replace this value in the cost equation and get:
Cost = 0.3 (110)^2 - 66 (110) + 13267 = 9637
Then, the unit cost for making the 110 cars is $9637, which is in fact the minimum value we were looking for.
We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.