Answer How do I justify that this is the minimum costSolutio

Answer:

How do I justify that this is the minimum cost?

Solution

the condition to have a minima at any point is to prove that double derivative is greater than 0 ... as the d2C/d2x >0 as given in the solution .. the point will give us minimum. moreover you can also plot(optional) to show that this is the minima point .

Answer: How do I justify that this is the minimum cost?Solutionthe condition to have a minima at any point is to prove that double derivative is greater than 0

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