A manufacturer finds that in producing x units per day (for 0 < x < 100), three

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A manufacturer finds that in producing x units per day (for 0 < x < 100), three different kinds of cost are involved:

a. A fixed cost of $1,200 per day in wages

b. A production cost of $1.20 per day for each unit produced

c. An ordering cost of 100/x2 dollars per day Express the total cost as a function of x and determine the level of production that results in minimal total cost.

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Related Book For  answer-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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