Solve the Problem $c ( x ) = 2 x ^ { 2 } - 200 x + 87$

question 79

Multiple Choice

Solve the problem.
-Bob owns a watch repair shop. He has found that the cost of operating his shop is given by $c ( x ) = 2 x ^ { 2 } - 200 x + 87$ , where $x$ is the number of watches repaired. How many watches must he repair to have the lowest cost?

• A) 20 watches
• B) 43 watches
• C) 87 watches
• D) 50 watches

Comprehend the role and impact of both extrinsic and intrinsic rewards in motivating employees.

Understand the significance and scope of essential skills training to employee performance and organizational success.

Identify the types and content of training most prevalent in Canadian organizations and their purposes.

Recognize the importance of technical, management, and safety training in adapting to change and competition.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Monopsony Power

The market power held by a single buyer to influence the price at which they purchase goods or services.

Elasticity Of Supply

The degree to which the quantity supplied of a good changes in response to a change in its price.

Marginal Value

The additional benefit received by consuming or using one more unit of a good or service.