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A company has determined that when x hundred dulcimers are​ built, the average cost per dulcimer can be estimated by ​C(x)equals0.1xsquaredminus0.3xplus2.025​, where​ C(x) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that​ minimum?

User Kausko
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1 Answer

4 votes

Answer:

The minimum average cost per dulcimer is 1.8 hundred dollars,

1.5 hundred dulcimers should be built.

Step-by-step explanation:

Given function that represents the average cost ( in hundred of dollars ) per dulcimer,


C(x)=0.1x^2-0.3x+2.025

Differentiating with respect to x,


C'(x) = 0.2x - 0.3

Again differentiating,


C''(x) = 0.2

For maximum and minimum,

C'(x) = 0

0.2x - 0.3 = 0

0.2x = 0.3


\implies x = (0.3)/(0.2)=1.5

For x = 1.5,

C''(x) = positive,

Hence, C(x) is minimum for x = 1.5,

Minimum value = C(1.5) = 0.1(1.5)² - 0.3(1.5) + 2.025 = 0.1(2.25) - 0.45 + 2.025 = 1.8

Therefore, the minimum average cost per dulcimer is 1.8 hundred dollars for 1.5 hundred dulcimers.

User Pneuma
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