The total cost function for a product is given by C(x) = 2x - 12x - 128x + 1368, where x is the number of units produced and C is the cost in hundreds of dollars. Use factoring by grouping and then find the number of units that will give a total cost of at least $60,000. Verify the conclusion with a graphing utility. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The values of x that make the total cost of at least $60,000 are the point(s) (Use comma to separate answers as needed.) O B. The values of x that make the total cost of at least $60,000 are the interval interval notation.) (Type your answer O C. There are no values of x that make the total cost of at least $60.000 and then click Check Answer
Minimization
In mathematics, traditional optimization problems are typically expressed in terms of minimization. When we talk about minimizing or maximizing a function, we refer to the maximum and minimum possible values of that function. This can be expressed in terms of global or local range. The definition of minimization in the thesaurus is the process of reducing something to a small amount, value, or position. Minimization (noun) is an instance of belittling or disparagement.
Maxima and Minima
The extreme points of a function are the maximum and the minimum points of the function. A maximum is attained when the function takes the maximum value and a minimum is attained when the function takes the minimum value.
Derivatives
A derivative means a change. Geometrically it can be represented as a line with some steepness. Imagine climbing a mountain which is very steep and 500 meters high. Is it easier to climb? Definitely not! Suppose walking on the road for 500 meters. Which one would be easier? Walking on the road would be much easier than climbing a mountain.
Concavity
In calculus, concavity is a descriptor of mathematics that tells about the shape of the graph. It is the parameter that helps to estimate the maximum and minimum value of any of the functions and the concave nature using the graphical method. We use the first derivative test and second derivative test to understand the concave behavior of the function.
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