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Page 2. In a batch production in machining the cutting speeds used were 50, 200 and 300 ft/minute, and the corresponding production costs per part were $10.02, $ 3.17 and $8.98 respectively. Calculate the optimum cutting speed for the minimum production cost and the value of this minimum production cost. (10 points) (Note: must show all the details of calculation)

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psoduatien SPeed Pl Cost Per pat Cuat man SD 16 02 S. 1 Soo .ag 多 Cost and cutlid 8feed

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