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Concept explainers
a.
To find the minimum weekly cost.
a.
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Answer to Problem 60E
The minimum weekly cost is
Explanation of Solution
Given cost is
Calculation::Given in the question that the weekly cost is
For any function
Critical points occur at
It gives the condition of maximum.
Thus, the minimum weekly cost is
b.
To find the minimum weekly cost.
b.
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Answer to Problem 60E
The minimum weekly cost is
Explanation of Solution
Given cost is
Calculation: Given in the question that the weekly cost is
If the formula changes to
Here equations changes only by a constant value. On repeat all the procedure as done in (a) ,the most economic quality is again
Thus, the minimum weekly cost is
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Calculus: Graphical, Numerical, Algebraic
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