The Cost of Producing X Units of a Product Is $C = 800 + 700 x - 700 \ln x,$

question 116

Multiple Choice

The cost of producing x units of a product is modeled by $C = 800 + 700 x - 700 \ln x,$ $x \geq 1$ . Find the average cost function $\overline{ C }$ .

• A) \(C = \frac { 800 } { x } + \frac { 700 } { x } - \frac { 700 \ln x } { x }\)
• B) \(C = \frac { 800 } { x } + 700 - 700 \ln x\)
• C) \(C = \frac { 800 } { x } + 700 - \frac { 700 \ln x } { x }\)
• D) \(C = 800 + 700 - \frac { 700 \ln x } { x }\)
• E) \(C = 800 + \frac { 700 } { x } - 700 \ln x\)

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Definitions:

Operational Risks

The potential for loss resulting from inadequate or failed internal processes, people, systems, or external events within an organization's operations.

Supply Chain

A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

Control

The power to influence or direct people's behavior or the course of events, often within a managerial or systems context.

Purchase Transactions

The process of acquiring goods or services in exchange for money or its equivalent, often documented through financial records.