Question
The cost per hour of running an assembly line in a manufacturing plant is a function of the number of items produced per hour.
The cost per hour of running an assembly line in a manufacturing plant is a function of the number of items produced per hour. The cost function is C(x)=0.3x- 1.2x + 2, where C(x) is the cost per hour in thousands of dollars, and x is the number of items produced per hour, in thousands. Determine the minimum production level, and the number of items produced to achieve it. Include a final written statement.
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
6th Edition
324559674, 978-0324559675
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