The Logarithmic Functio $f ( x ) = - 200 + 88 \ln x$

question 211

Multiple Choice

The logarithmic functio $f ( x ) = - 200 + 88 \ln x$ n x models the number of visitors (in millions) to U.S. museums from 1960 to 2010, where x is the number of years since 1960. Is this function increasing or decreasing?

• A) decreasing
• B) increasing

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Definitions:

Locke's Goal-Setting Theory

A theory suggesting that specific and challenging goals along with appropriate feedback contribute to higher and better task performance.

Average Total Cost

The total cost of production divided by the number of goods produced, representing the per-unit cost of production.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Shut Down

A short-term decision by a firm to cease production due to market conditions, not covering variable costs in the short run.