Solve the Problem $$C ( x ) = 2 x ^ { 2 } - 32 x + 790$$

question 138

Multiple Choice

Solve the problem.
-The owner of a video store has determined that the cost C, in dollars, of operating the store is approximately given by $$C ( x ) = 2 x ^ { 2 } - 32 x + 790$$ where x is the number of videos rented daily. Find the lowest cost to the nearest
Dollar.

• A) $278
• B) $662
• C) $534
• D) $918

---

Definitions:

House Money Effect

The tendency for individuals to take greater risks when investing or gambling with money that was won or received unexpectedly, as opposed to their own hard-earned money.

Problem Recognition

is the initial stage in the consumer decision process where a consumer identifies a need or problem that requires satisfaction or solution.

Need Recognition

The first stage in the consumer decision process, occurring when an individual perceives a difference between their current state and a desired state.

Bounded Rationality

A concept suggesting that individuals make decisions based on limited information, limited time, and their own limited cognitive processing capacity.