Answer:
8,567
Step-by-step explanation:
Given the cost function expressed as C(x)=0.7x^2- 462 x + 84,797
To get the minimum vaklue of the function, we need to get the value of x first.
At minimum value, x = -b/2a
From the equation, a = 0.7 and b = -462
x = -(-462)/2(0.7)
x = 462/1.4
x = 330
To get the minimum cost function, we will substitute x = 330 into the function C(x)
C(x)=0.7x^2- 462 x + 84,797
C(330)=0.7(330)^2- 462 (330)+ 84,797
C(330)= 76230- 152460+ 84,797
C(330) = 8,567
Hence the minimum unit cost is 8,567
