Question

14. A manufacturer of lighting fixtures has daily production costs of C = 120 − 5x + 0.25x 2 , where C is the total cost (in dollars) and x is the number of units produced. How many fixtures should be produced each day to yield a minimum cost? What is that minimum cost?

Answer 1

Value of x = 10

Minimum cost (C) = 45

Explanation:

Given:

Equation:

120 - 5x + 0.25x²

Find:

Value of x

Minimum cost

Computation:

0.25x² - 5x + 120

x = -[b/2a]

x = -[(-5)/2(0.25)]

x = 10

Value of x = 10

Minimum cost (C) = 120 - 5x + 0.25x²

Minimum cost (C) = 120 - 5(10) + 0.25(10)²

Minimum cost (C) = 45