The total cost of producing a type of boat is given by C(x) = 17000 – 20x + 0.02x², where x is the number of boats produced. How many boats should be produced to incur minimum cost?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.10: Inverse Variation
Problem 3ST
icon
Related questions
Question
The total cost of producing a type of boat is given by C(x) = 17000 – 20x + 0.02x², where x is the number of boats produced. How many boats should be produced
to incur minimum cost?
Transcribed Image Text:The total cost of producing a type of boat is given by C(x) = 17000 – 20x + 0.02x², where x is the number of boats produced. How many boats should be produced to incur minimum cost?
Expert Solution
Step 1

Given:-

The total cost of producing a type of boat is given by C(x) = 17000 - 20x + 0.02x2 where x is the number of boats produced.

To find:-

How many boats should be produced to incur minimum cost?

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning