Consider the cost function cax2bxc where x is the quantity

Reference no: EM13376476

Consider the cost function C=ax^2+bx+c where x is the quantity. Determine the coefficients of the function if the coordinates of the vertex of the parabola are the ordered pair (-100,-5000) and the fixed cost is $5000. Determine the domain and range of the variables, is the vertix a minimum or a maximum, why?

Reference no: EM13376476

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