A company that produces cell phones has a cost function of C = 12x^2 - 259x + 7993, where C is the cost in dollars and x is the number of cell phones produced (in thousands). How many units of cell phone (in thousands) minimizes the cost function? x = thousand phones produced will minimize C
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This will give us the rate of change of the cost function. C'(x) = d/dx (12x^2 + 2591x + 7993) Now, let's find the derivative: C'(x) = 24x + 2591 Show more…
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