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Answer:
Manufacturers has to produce 63 DVD/Blu-Ray players to achieve a minimum cost of $644
Step-by-step explanation:
The cost equation is given as:
This is a quadratic equation in general form, which is:
Matching, we can say:
a = 0.04
b = -5
c = 800
The minimum occurs at
and the minimum value would be to place that "x" value into the equation.
First, we find the minimum using values of a and b:
Plugging this into original, we get:
Rounding off to nearest whole number, we can say:
Manufacturers has to produce 63 DVD/Blu-Ray players to achieve a minimum cost of $644
