A manufacturing firm has received an order to make 400,000 souvenir silver medals commemorating the anniversary of

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A manufacturing firm has received an order to make 400,000 souvenir silver medals commemorating the anniversary of the landing of Apollo 11 on the moon. The firm owns several machines, each of which can produce 200 medals per hour. The cost of setting up the machines to produce the medals is $80 per machine, and the total operating cost is $5.76 per hour. Express the cost of producing the 400,000 medals as a function of the number of machines used. Draw the graph and estimate the number of machines the firm should use to minimize cost.

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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