The problem provides a total cost function $C(x) = 850 \ln(x + 10) + 1700$, where $x$ is the number of units produced. We need to find: (a) the total cost of producing 300 units, rounded to the nearest cent. (b) the number of units that will give a total cost of $8500, rounded to the nearest whole number.

Applied MathematicsCost FunctionLogarithmExponential FunctionOptimizationBusiness Application
2025/3/8

1. Problem Description

The problem provides a total cost function C(x)=850ln(x+10)+1700C(x) = 850 \ln(x + 10) + 1700, where xx is the number of units produced. We need to find:
(a) the total cost of producing 300 units, rounded to the nearest cent.
(b) the number of units that will give a total cost of $8500, rounded to the nearest whole number.

2. Solution Steps

(a) To find the total cost of producing 300 units, we substitute x=300x = 300 into the cost function:
C(300)=850ln(300+10)+1700C(300) = 850 \ln(300 + 10) + 1700
C(300)=850ln(310)+1700C(300) = 850 \ln(310) + 1700
Using a calculator, ln(310)5.73657\ln(310) \approx 5.73657
C(300)=850(5.73657)+1700C(300) = 850(5.73657) + 1700
C(300)=4876.0845+1700C(300) = 4876.0845 + 1700
C(300)=6576.0845C(300) = 6576.0845
Rounding to the nearest cent, we get 6576.086576.08.
(b) To find the number of units that will give a total cost of 8500,weset8500, we set C(x) = 8500andsolvefor and solve for x$:
8500=850ln(x+10)+17008500 = 850 \ln(x + 10) + 1700
85001700=850ln(x+10)8500 - 1700 = 850 \ln(x + 10)
6800=850ln(x+10)6800 = 850 \ln(x + 10)
6800850=ln(x+10)\frac{6800}{850} = \ln(x + 10)
8=ln(x+10)8 = \ln(x + 10)
To solve for xx, we take the exponential of both sides:
e8=x+10e^8 = x + 10
x=e810x = e^8 - 10
Using a calculator, e82980.957987e^8 \approx 2980.957987
x=2980.95798710x = 2980.957987 - 10
x=2970.957987x = 2970.957987
Rounding to the nearest whole number, we get 29712971.

3. Final Answer

(a) 6576.086576.08
(b) 29712971

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