The cost C (in dollars) of producing 'x' units of a product is given by the function C(x) = 50 + 2.50x. What is the cost of producing 30 units?
✓ Correct Answer: Option C
Substitute x = 30 into the function: C(30) = 50 + 2.50 * 30. This simplifies to C(30) = 50 + 75 = $125.