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Answer:
The minimum average cost is $643.75
It should be built 62.5 machines to achieve the minimum average cost
Step-by-step explanation:
The equation that represents the cost C to produce x DVD/BLU-ray players is C = 0.04x² - 5x + 800
To find the minimum cost differentiate C to equate it by 0 to find the average cost per machine and to find the value of the minimum cost
∵ C = 0.04x² - 5x + 800
- Differentiate C with respect to x
∴
∴
- Equate by 0
∴ 0.08x - 5 = 0
- Add 5 to both sides
∴ 0.08x = 5
- Divide both sides by 0.08
∴ x = 62.5
That means the minimum average cost is at x = 62.5
Substitute the value of x in C to find the minimum average cost
∵ C = 0.04(62.5)² - 5(62.5) + 800
∴ C = 643.75
∵ C is the average cost
∴ The minimum average cost is $643.75
∵ x is the number of the machines
∴ It should be built 62.5 machines to achieve the minimum
average cost