OK. So the cost to manufacture any number 'm' machines is
C(m) = 20m^2 - 830m + 15,000 .
Whatever number of machines you're interested in, you write
that number in place of 'm', and this equation tells you the cost
for that many.
Examples:
-- The cost to manufacture zero sewing machines ... what the
company had to invest in equipment and building space before
they could even start manufacturing anything:
C(m) = 20m^2 - 830m + 15,000
C(0) = 20(0)² - 830(0) + 15,000 = 15,000 .
-- The cost to manufacture one sewing machine ... buy the
building, set up the manufacturing equipment, and turn out
the first one:
C(m) = 20m^2 - 830m + 15,000
C(1) = 20(1)² - 830(1) + 15,000 = 14,190 .
Now, part-a) wants to know the cost to build 75 sewing machines.
If you've been paying attention so far, you know you have to take
the same equation, and write '75' in place of 'm'.
C(m) = 20m^2 - 830m + 15,000
C(75) = 20(75)² - 830(75) + 15,000
= 20(5,625) - 830(75) + 15,000
= 112,500 - 62,250 + 15,000 = 65,250 .
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Now you need to find the number of sewing machines
that can be built for the lowest total cost.
I'm sure you noticed that the equation for the cost C(m) is a
quadratic equation. So if you drew it on a graph, it would be
a parabola. It would have a minimum value at some 'm', and
for greater 'm', it would start going up again.
(Why should your cost start increasing past some number of
sewing machines ? Well, maybe the manufacturing equipment
is starting to wear out, and needs repair more often. All of that
is actually built into the equation for C(m) . )
Now, I'm not sure what method you've learned for finding the
minimum value of a parabola (quadratic equation). Here are
the two ways I know:
Way #1). If you've had some pre-calculus, then you'll take the
derivative of the equation, set the derivative equal to zero, and
that leads you to the minimum:
The equation: C(m) = 20m^2 - 830m + 15,000
Its first derivative: C'(m) = 40m - 830
'C'; is minimum when C'=0 : 40m - 830 = 0
Add 830 to each side: 40m = 830
Divide each side by 40 : m = 20.75
The number of sewing machines manufactured for the
minimum total cost is 20 or 21 .
Way #2). Really the same as Way-#1 but it's not called 'derivative'.
I looked online for rules of parabolas, and found the one that
you may have learned to use:
For the quadratic expression Ax² + Bx + C ,
the axis (midline) of the parabola is at
x = - B / 2A .
That's exactly what we need.
Our equation is C(m) = 20m^2 - 830m + 15,000
so the axis of the parabola is at m = - (-830)/2(20)
= 830/40 = 20.75 .
Same as Way-1 .