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Business, 29.03.2021 19:30 yhbgvfcd6677

Your factory produces lemon-scented widgets. You know that each unit is cheaper, the more you produce. But you also know that costs will eventually go up if you make too many widgets, due to the costs of storage of the overstock. The person in accounting says that your cost per unit for producing x thousands of units per day can be approximated by the formula C = 0.04x 2 − 8.504x + 25302. (a) (4 points) Find the daily production level that will minimize your cost per unit. (b) (3 points) What is the minimum cost per unit?

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