Explore BrainMass

Graphing the Equation to Find the Lowest Unit Cost

I found that the unit cost of using production equip. is:
cost = 1.5x(2)[that is to the 2nd power] - 120x + 4,000

where x is the number of units produced. Draw a graph to find the lowest unit cost. what production level does this correspond to?

Solution Preview


Because you wanted the number of units and the lowest cost from the graph, I gave you the answers by locating point on
the graph, which happens to be (40, 1600).

However, if you want to get this by ...

Solution Summary

Solution is provided. Graph is provided.