Question

N C (x) = 0.6x² − 168x+17,507. What is the minimum unit cost?
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Answer 1

Explanation:

Answer:

Minimum Unit Cost = $14,362

Explanation:

The standard form of a quadratic is given by:

ax^2 + bx + c

So for our function, we can say,

a = 0.6

b = -108

c = 19,222

We can find the vertex (x-coordinate where minimum value occurs) by the formula -b/2a

So,

-(-108)/2(0.6) = 108/1.2 = 90

Plugging this value into original function would give us the minimum (unit cost):