Math Problem Statement

At a canning company the daily production cost, y, is given by the quadratic equation y=650-15x + 0.45x^2 , where x is the number of canned items. What is the MINIMUM daily production cost?

Reminder x^2 same as squaring the number. Means 2 is an exponent.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Optimization

Formulas

Quadratic function formula y = ax^2 + bx + c
Vertex formula x = -b / (2a)

Theorems

Vertex theorem for finding minimum or maximum of a quadratic function

Suitable Grade Level

Grades 9-12