Math Problem Statement
An aircraft factory manufactures airplane engines. The unit cost C (the cost in dollars to make each airplane engine) depends on the number of engines made. If x engines are made, then the unit cost is given by the function C (x)=0.8x2-224x+29,372. How many engines must be made to minimize the unit cost?
Solution
The unit cost function is given by:
This is a quadratic function, and since the coefficient of is positive (0.8), the parabola opens upwards, meaning that the vertex of the parabola will give us the minimum value of the unit cost.
The formula to find the x-coordinate of the vertex of a quadratic function is:
In this case, and , so we substitute these values into the formula:
Thus, 140 engines must be made to minimize the unit cost.
Would you like more details on this calculation or related concepts?
Here are 5 related questions:
- What is the minimum unit cost after producing 140 engines?
- How does the unit cost change if fewer or more than 140 engines are produced?
- How is the vertex formula derived?
- Can you apply this concept to other manufacturing cost functions?
- What does the term "marginal cost" mean in production cost analysis?
Tip: The vertex of a quadratic function is a powerful tool for finding minimum or maximum values. Always check the sign of the coefficient to know if it's a minimum (positive) or maximum (negative).
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Math Problem Analysis
Mathematical Concepts
Quadratic Functions
Optimization
Algebra
Formulas
Vertex formula: x = -b/(2a) for quadratic function ax^2 + bx + c
Theorems
Vertex of a parabola gives minimum/maximum
Quadratic formula
Suitable Grade Level
Grades 9-11
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