Posted by Esther on .
Aki's Bicycle Designs has determined that when x hundred bicycles are built, the average cost per bicycle is given by c(x) =0.1x^2 -0.5x+ 9.295. Where C(x) is in hundreds of dollars, how many bicycles should the shop build to minimize the average cost per bicycle?
Thank you for your help
Algebra 2 -
if you graph and find the minimum, you would find the point (2.5, 8.67)
This means that they should sell 250 bikes at the price of $8.67