An Indian Manufacturer Establishes That Its Total Cost Per Item

question 5

Multiple Choice

An Indian manufacturer establishes that its total cost per item function (in Indian Rupees, INR) is given by C = 6000x^-1 + 2.5+ 0.03x. Work out the volume that minimises average cost (cost per item) .

• A) 2,000
• B) 20,000
• C) 200,000
• D) 2,000,000

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Definitions:

Experimenters

Individuals who conduct experiments to test hypotheses by manipulating and controlling variables in a controlled environment.

Dependent Variable

The variable in an experiment that is expected to change or respond as a result of manipulations of the independent variable.

Experimental Treatment

A new or novel intervention or therapy being tested or evaluated for its effectiveness in treating a condition or disease.

Influenced Factor

An element that affects or alters the outcome of a process or situation.