Assignment:
Callaway Golf Company has determined that the daily cost C of manufacturing x Big-Bertha-type gold clubs may be expressed by the quadratic equation
C(x) = 5 x 2 - 620 x + 20,000,
a) How many clubs should be manufactured to minimize the cost?
b) At this level of production, what is the cost per club?
c) What are the fixed cost of production (the cost to produce 0 clubs)?
Provide complete and step by step solution for the question and show calculations and use formulas.