Question

The cost of producing x units of a product is modeled by the following. C = 140 − 45x − 190 ln(x), x ≥ 1

Answer 1

The cost of producing x units of a product is modeled by the equation C = 140 - 45x - 190 ln(x), where x ≥ 1. This equation represents the total cost of production which includes fixed costs and variable costs.

Step-by-step explanation:

The cost of producing x units of a product is modeled by the equation C = 140 - 45x - 190 ln(x), where x ≥ 1. This equation represents the total cost of production which includes fixed costs and variable costs. Fixed costs are the costs that remain constant regardless of the level of production, and in this case, it is modeled by the constant term of 140. Variable costs, represented by the terms -45x and -190 ln(x), increase as the level of production increases.