Math Problem Statement

The production cost ($C) of a necklace is given by C= 2x²- 40x + 300,where x is the daily number of necklaces produced. Find the minimum production cost of a necklace and the corresponding daily number of necklaces produced.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Optimization

Formulas

Vertex formula x = -b / 2a
Quadratic cost function C(x) = ax² + bx + c

Theorems

Vertex of a parabola

Suitable Grade Level

Grades 9-11