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2.A total cost function is given by C(x) = 120 ln(2.5x + 33), for x units. X is in thousands and C is in hundreds
2.A total cost function is given by C(x) = 120 ln(2.5x + 33), for x units. X is in thousands and C is in hundreds of dollars.
a.What will be the cost of producing 40 units?Writea sentence using correct units interpreting the answer.
b.If the total cost is $100,000, orC = 1,000, approximately how many units are produced?Use must use algebra to arrive at your answer. Writea sentence using correct units interpreting the answer.
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