The cost function in a computer manufacturing plant is C(x) = 0.28x^2-0.7x+1, where C(x) is the cost per hour in millions of dollars and x is the number of items produced per hour in thousands. Determine the minimum production cost.

9514 1404 393

  $562,500 per hour

Step-by-step explanation:

The cost will be a minimum where C'(x) = 0.

 C'(x) = 0.56x -0.7 = 0

  x = 0.7/0.56 = 1.25

The cost at that production point is ...

  C(1.25) = (0.28×1.25 -0.7)1.25 +1 = -0.35×1.25 +1 = 0.5625

The minimum production cost is $562,500 per hour for production of 1250 items per hour.

Additional comment

This is different than the minimum cost per item. This level of production gives a per-item cost of $450. The minimum cost per item is $358.30 at a production level of 1890 per hour.

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )

step-by-step explanation: