Question
A manufacturer is in the business of producing small car models. He finds that the daily cost in dollars, C(x) , of producing x models
A manufacturer is in the business of producing small car models. He finds that the daily cost in dollars, C(x), of producing x models is given by the quadratic function
C(x) = x2 - (120 + 2*25)x + 252 + 122*25 + 4300. Use the calculus technology to find the level xopt of production that will minimize such a cost function. To verify your result, use the corresponding non-calculus technology (the point xopt is x-coordinate of the vertex of parabola representing the function C(x)). Round off the value xopt to nearest integer). Evaluate the minimum value C(xopt) of the function
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