Solution-What is the minimum cost at volume

What is the minimum cost at volume

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1) The cost per unit produced at a certain facility is represented by the function UC = 2x^2 - 10x + 50, where x is in thousands of units produced. For what value of x would unit cost be minimized (other than zero)? What is the minimum cost at this volume? Show that the value found is truly a minimum.

2) Advertising expenditures have been found to relate to profit approximately in accordance with the function P = x^3 - 100x^2 + 3125x, where x is the expenditure in thousands of dollars. What advertising expenditure would produce the maximum profit? What profit is expected at this expenditure? Show that the derived result is truly a maximum.

Reference no: EM13960500

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What is the minimum cost at volume : The cost per unit produced at a certain facility is represented by the function UC = 2x^2 - 10x + 50, where x is in thousands of units produced. For what value of x would unit cost be minimized (other than zero)? What is the minimum cost at this v..

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What is the minimum cost at volume

Reference no: EM13960500

Reference no: EM13960500

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