1.625 rounded to the nearest hundredth is 1.63
Answer:
the minimum production level is costing $800 (0.8×$1000) per hour for 2000 (2×1000) items produced per hour.
Step-by-step explanation:
if there is no mistake in the problem description, I read the following function :
C(x) = y = 0.3x² - 1.2x + 2
I don't know if you learned this already, but to find the extreme values of a function you need to build the first derivative of the function y' and find its solutions for y'=0.
the first derivative of C(x) is
0.6x - 1.2 = y'
0.6x - 1.2 = 0
0.6x = 1.2
x = 2
C(2) = 0.3×2² - 1.2×2 + 2 = 0.3×4 - 2.4 + 2 = 1.2-2.4+2 = 0.8
so, the minimum production level is costing $800 (0.8×$1000) per hour for 2000 (2×1000) items produced per hour.
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