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    Parabola Word Problems : Minimizing Cost

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    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?

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    Solution Preview

    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 ...

    Solution Summary

    Minimum cost is found.