Cost Function. The cost function for selling a product is given as C(x) = 100 + 60 In(2x² – 32x + 200) where x is the number of units of 10,000 pounds sold. Find the number of pounds that should be sold to keep cost at a minimum. Include a graph of the cost function. Make sure you use calculus to answer the question.
Cost Function. The cost function for selling a product is given as C(x) = 100 + 60 In(2x² – 32x + 200) where x is the number of units of 10,000 pounds sold. Find the number of pounds that should be sold to keep cost at a minimum. Include a graph of the cost function. Make sure you use calculus to answer the question.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The cost function for selling a product is given as
C(x)=100+60ln(2x^2-32x+200)
Where x is the number of units of 10,000 pounds sold. Find the number of pounds that should be sold to keep cost at a minimum. Include a graph of the cost function. Make sure you use calculus to answer the question.
Transcribed Image Text:Cost Function. The cost function for selling a product is given as
C(x) = 100 + 60 In(2x² – 32x + 200)
where x is the number of units of 10,000 pounds sold. Find the number of pounds that
should be sold to keep cost at a minimum. Include a graph of the cost function. Make sure
you use calculus to answer the question.
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