Answer:
The minimum unit cost is $9374.
Step-by-step explanation:
The unit cost C for making x engines is given by the quadratic function:
[tex]C(x)=0.3x^2-162x+31244[/tex]
We want to determine the minimum unit cost.
Since this is a quadratic function with a positive leading coefficient, the minimum value will be its vertex. The vertex of a quadratic can be found using the following formulas:
[tex]\displaystyle \text{Vertex}=\left(-\frac{b}{2a}, f\left(-\frac{b}{2a}\right)\right)[/tex]
In this case, a = 0.3, b = -162, and c = 31244.
Find the x-coordinate of the vertex:
[tex]\displaystyle x=-\frac{(-162)}{2(0.3)}=\frac{162}{0.6}=270[/tex]
In other words, in order to achieve the minimum cost, only 270 engines must be made.
Then to find the minimum cost, substitute the value back into the function. So:
[tex]C(270)=0.3(270)^2-162(270)+31244=\$ 9374[/tex]
The minimum unit cost is $9374.
