An Example of the Function of the Natural Logarithm of a Number

question 30

Multiple Choice

An example of the function of the natural logarithm of a number written correctly is ____.

• A) =LOG(50)
• B) =LN(50)
• C) =NL(50)
• D) =(NL,50,2)

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Definitions:

Variable Cost

Costs that vary directly with the level of production or service activity, such as raw materials and direct labor.

Machine-hour

A unit of measure representing the operation of a machine for one hour, often used in cost accounting to allocate expenses.

Cost Formula Equation

An equation used to predict the total cost of production, combining both fixed and variable costs.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.