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A production facility is capable of producing 60,000 widgets in a day and the total daily cost of producing x widgets in a day is
A production facility is capable of producing 60,000 widgets in a day and the total daily cost
of producing x widgets in a day is given by:
() = 250,000 + 0.08 +
200,000,000
How many widgets per day should they produce in order to minimize production costs?
[4 Marks]
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