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OpenStudy (anonymous):
The total cost of manufacturing x units of a product in a company is given by C(x) = 0.01x^3 – 300x + 4500. When is the total cost of manufacturing minimum?
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OpenStudy (anonymous):
Find the first derivative of C(x) Set the first derivative equal to zero. Solve for x. Verify that this value is a minimum by taking the second derivative and substitute in the value. The second derivative should be positive at this value.
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