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 its minimum? What is the unit cost at that level of production?© BrainMass Inc. brainmass.com March 4, 2021, 7:38 pm ad1c9bdddf
Please see the attached file for detailed solution.
The cost function is a parabola. And ...
The solution shows how to find the vertex of a parabolic cost equation in detail.