The Cost of Producing X Units of a Certain Item

question 72

Multiple Choice

The cost of producing x units of a certain item is Find the average value of the cost function C(x) over the interval from 0 to 1,000. Round answer to nearest penny. ​

• A) $933,866.67
• B) $2,801,600.00
• C) $549,333.33
• D) $3,735,466.67
• E) $2,147,893.33

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Definitions:

Offshore

The practice of moving some of a company's operations or services to another country to capitalize on lower costs or favorable regulations.

Strategic Consequences

The outcomes or impacts that result from the implementation of specific strategies or decisions within an organization or nation.

Enterprise Resource-Planning

A software system used by organizations to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Just-In-Time Manufacturing

A production strategy that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed.