A company uses the formula c(x) = 0.02x^2 - 3.4 + 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 the level of production?© BrainMass Inc. brainmass.com October 3, 2022, 1:18 am ad1c9bdddf
Hi, here is the solution...
Given c(x) = 0.02x^2 -3.4x+150
To find the minimum cost we have to find the derivative of ...
Minimum cost is found.