Problem

Suppose $C(x)=x^{2}-8 x+18$ represents the costs, in hundreds, to produce $x$ thousand pens. How many pens should be produced to minimize the cost? What is the minimum cost?

Number of pens to minimize cost: $\square$ pens
Minimum cost: $\square$ dollars
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Answer

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Answer

Final Answer: The number of pens to minimize cost is \(\boxed{4000}\) pens and the minimum cost is \(\boxed{200}\) dollars.

Steps

Step 1 :Define the coefficients of the quadratic function: \(a = 1\), \(b = -8\), \(c = 18\).

Step 2 :Calculate the number of pens to minimize cost using the formula \(x = -\frac{b}{2a}\). Substituting the values of \(a\) and \(b\) into the formula, we get \(x = 4.0\). This means 4000 pens should be produced to minimize the cost.

Step 3 :Calculate the minimum cost by substituting \(x\) into the quadratic function: \(min\_cost = a*x^2 + b*x + c\). Substituting the values of \(a\), \(b\), \(c\), and \(x\) into the formula, we get \(min\_cost = 2.0\). This means the minimum cost is 200 dollars.

Step 4 :Final Answer: The number of pens to minimize cost is \(\boxed{4000}\) pens and the minimum cost is \(\boxed{200}\) dollars.

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