Question: Apache Photo makes digital cameras. The cost of manufacturing each unit is related to the output per hour, x, as given by the following equation:

Cost per unit = y = 0.8x ² – 16x + 150

1. How many cameras should be made per hour if they want to minimize cost per camera?
2. Confirm that the cost equation will be at a minimum when this many cameras are produced.
3. Suppose a new machine could be purchased for $1 million that would reduce costs per unit by $20. Perform an analysis that will help decide whether to make the purchase. Is there other information you need? If so, what?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document