We do not have to use the quadratic formula to solve the problem
A. With knowledge of derivatives you are asking for the value of x that minimizes C(x).
C'(x) = [ .5x2 -280 x + 48305 ]'
C'(x) = x -280
Set C'(x) = 0 to find the critical points
That is x = 280
But C'' (x) = 1
Since C'' (280) >0 then using the second derivative test the function C(x) has a minimum at x = 280
which is C(280) = 9105.
B. Without again using the quadratic formula since the cost function is in the form of a parabola
y = ax2 +bx +c
with a = 0.5 >0 then the function has a minimum at x = -b/ 2a = 280
Adam B.
07/29/21