Solution: Find the quantity for which the cost of the product is minimum

The cost of C of a product is a function of the quantity x of the product: C(x) = x^2 – 400x + 50. Find the quantity for which the cost is minimum.

Find the quantity for which the cost of the product is minimum

Problem Statement: ME Board April 1996

The cost of C of a product is a function of the quantity x of the product: C(x) = x^2 – 400x + 50. Find the quantity for which the cost is minimum.

Problem Answer:

The quantity for which the cost of the product is minimum is 2000

Solution:

Online Questions and Answers in Differential Calculus (MAXIMA-MINIMA & TIME RATES)


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