The total daily cost (in dollars) of producing a mountain bikes is given by C(x)=966+7x+0.12x². The average cost function C (x) decreases until x = c and increases afterwards. If the goal of the company is to make the mountain bike as affordable as possible, they should target the production level of c mountain bikes daily. Find c. Round to 2 decimal places. mountain bikes daily

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The total daily cost (in dollars) of producing a mountain bikes is given by
C(x)=966+7x+0.12x².
The average cost function C (x) decreases until x = c and increases afterwards. If the goal
of the company is to make the mountain bike as affordable as possible, they should target the
production level of c mountain bikes daily.
Find c. Round to 2 decimal places.
mountain bikes daily
Transcribed Image Text:The total daily cost (in dollars) of producing a mountain bikes is given by C(x)=966+7x+0.12x². The average cost function C (x) decreases until x = c and increases afterwards. If the goal of the company is to make the mountain bike as affordable as possible, they should target the production level of c mountain bikes daily. Find c. Round to 2 decimal places. mountain bikes daily
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