Q: If Mark produces five pairs of earrings, his total costs are a. $370. b. $360. c. $320. d.…
A: Answer- Need to find- If Mark produces five pairs of earrings, his total costs are Given in the…
Q: dc Find the total cost for the indicated value of q when is a marginal-cost function and fixed costs…
A: Given : dc/dq=0.12q2-1.5q+5.60 C=9000 q=20
Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…
A: Variable cost = Total cost- Fixed cost Average variable cost = Variable cost / Quanity produced
Q: total profit is
A: Total Variable Cost = Average Variable Cost * Output Variable cost = $3 * 1000 = $3000 Total Fixed…
Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…
A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000
Q: t Suppose that the monthly cost, in dollars, of producing x chairs is…
A: Total cost measures the overall cost of production incurred in the process to produce output.
Q: Adam operates a factory that produces beach towels. His current level of output equals 1000 towels…
A: Average total cost is referred to as the sum total of all production costs divided by the total…
Q: the cost of producing 5-gallon water bottles is given by C(q)=0.005^2+2q+1000. If 2000 5-gallon…
A: C(q) = 0.005q2 + 2q + 1000 Given Quantity (q) = 2000
Q: Find the marginal cost, if TC is 4+2Q
A: The provided total cost function is: 4+2Q
Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…
A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000 units
Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…
A: i.) Marginal cost can be calculated as follows: When q = 2,000, then the marginal cost can be…
Q: When ONLY total costs (TC) are known, such as shown in Table 1 below, explain how to calculate each…
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of…
A: Marginal cost is the additional cost incurred with an additional unit produced.
Q: Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O…
A: Costs represent the expenses that firms incur during their production activities. A firm incurs…
Q: Suppose the cost function is: C(q) 64.5g + 11600 %3D Using your average cost function, A(q) , find…
A: Cost function : C(q) = 64.5q + 11600 Average cost function, A(q) = C(q)/q = (64.5q+11600)/q = 64.5 +…
Q: (2) Minimize the average cost for the following total cost function (TC) by finding out (a) average…
A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…
Q: For this cost function, Marginal Cost = MC = 10 q . (45) Fill in the table with your values from…
A: MC(marginal cost) is the slope of TC(total cost). TC is the sum of TVC(total variable cost) and…
Q: If the marginal cost is MC = 30'- +10, the fixed costs are 1, then the total cost TC= (A) Q'-e+100+5…
A: Given MC = Fixed costs = 1
Q: a) Estimate from the graph i) the break-even points e) How would your answers for break-even points…
A: (a) The breakeven point is a situation where revenue earned by the firm is exactly equal to its cost…
Q: The cost, in billions of dollars, of airing æ five-second hologram actic Chess game can be…
A: ‘Average cost’: ‘Average cost’ is the ‘total cost’ divided by the number of units of the good. It…
Q: Consider the following cost function: C(Q) = 1000+0.1Q I| Calculate total costs when Q=100 O 1,001…
A: Total cost function shows the relationship between cost and output produced. To determine cost at a…
Q: referring to the cost table above, what is the total cost if quantity produced equals 100 units? a.…
A: Total cost is the overall cost which incurs in the course of production.
Q: Intelligent Inc. specializes in the manufacture ofcomponents for personal computers. Managementhas…
A:
Q: 2.) If the total cost function is given by C(q) = -0.00002q? + 6.5q + 5400, find the marginal cost…
A: Answer to the question is as follows:
Q: Two workers work one hour each to obtain 750 grams of yarn from 1.2 kg of cotton. The total cost of…
A: Efficiency is nothing but the amount of input divided by the amount of output.
Q: If TC = 108 + 20Q + 3Q2 , what level of Q generates the minimum average cost? Enter as a value
A:
Q: A manufacturer’s marginal cost (MC) function is given by: MC = 1000 √3?+12 Find the equation of…
A: Total cost is the summation of total fixed cost and total variable cost. Total cost function can be…
Q: 1a) Suppose a firm’s TC = 50Q.75. What is Marginal Cost for the 100th unit of production? Use a…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.005x + 0.07x + 15x +…
A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.
Q: In detail, What is one example of a non-linear cost function and explain what factors cause the…
A: A cost function whose graph of total cost within a relevant range is not a straight line is defined…
Q: 3. Minimize the following total cost function: TC =Q3 – 10Q2 + 48Q + 46.
A: Given Total cost function TC=Q33-10Q2+48Q+46 ......(1) We will use application of…
Q: 6. Optimize the Cobb-Douglas production function given the following parameters. The maximum about…
A: Answer Given : q= K0.4 L0.6 LPl + KPk = C Where C= Cost Lagrange function: La= q-a(Lpl+KPk-C)…
Q: A New York renewable energy company pays $0.18 per kilowatthour (kWh) for the first 10,000 units of…
A: Given, Electricity used = 25,000 kW/month Cost of 1st 10,000 units = $0.18 per kilowatt hour…
Q: For this cost function, Marginal Cost = MC = 10 q. %3D 45) Fill in the table with your values from…
A: Fixed cost is independent of output produced whereas variable cost varies with the level of…
Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…
A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…
Q: QUESTION 3 Let c(w1; w2; y) be a cost function, and let A > 1. We have: Oa. ( A w1; Aw2: y) = c(w1;…
A: Hi there , as you have posted multiple question, as per our guidelines we are only allowed to answer…
Q: 9. What is the Average Total Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 g) 120 Oh) 160
A: Introduction Total cost is the function of output. Total cost is the addition of total fixed cost…
Q: If b=0, what would happen to the total-cost and marginal-cost curves of C=C(Q)=aQ^3+bQ^2+cQ+d?
A: We are going to analyse the cost curve behavior to answer this question.
Q: 6. Optimize the Cobb-Douglas production function given the following parameters. The maximum 12 and…
A: Here taking derivatives with the function given with respect to L & K: With respect to…
Q: If TC = 88 + 140Q, what is the marginal cost when Q=29? Enter as a value. 1
A: The cost that is incurred by the business for incurring and carrying out the day-to-day transactions…
Q: if the total cost c=0.2q3 - 4q2 +1000, what is the marginal cost when q=100
A: the monetary value incurred in production process called production cost . There are two types of…
Q: True or False The average total cost cannot equal marginal cost.
A: Average total cost It refers to the total cost per unit of production. ATC = TC/Q where ATC is…
Q: List some practical limits to economies of scale; that is, when should a plant stop growing?
A: Economy of scale is the improvement that a company acquires from the size or scale of manufacturing.
Q: A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per…
A: Given: Price at which quantity sold = 2 TC= (1000 + 250) = 1250
Q: Suppose that the dollar cost of producing q appliances is c(q) = 1500 + 140q-0.3q. (a) Find the…
A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…
Q: A parking lot charges $2 per hour for the first 4 hours, then $3 per hour after that. Which…
A: Total cost(TC) function shows how cost(C) changes(Δ) when the parking hours(hrs) changes(Δ). The…
Q: d. Show that the cost function is non-decreasing in w,r and q.
A: Cost function is non- decreasing in w, r and q
Q: c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
Step by step
Solved in 2 steps
- The total cost (in hundreds of dollars) of producing x calculators per day is given by the equation. 20- 15- 10- C(x) = 6 + /2x + 32 Osx< 50 Perform the following calculations and interpret the results. 10 20 30 40 50 Production C'(x) =U %D Cost (hundred dollars)What is the average variable cost of washing 90 cars? is the answer 4 or .7?The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000 5-gallon water bottles are produced, fint the average cost
- (a) The cost of producing 5-gallon water bottles is given by C(q) = 0.005q² + 2q + 1000. If 2000 5-gallon water bottles are produced, find the %3D (i) total cost (ii) average cost (iii) marginal cost (iv) marginal average cost SBx2 -3 (Bx+2 (b) Suppose that f(x) if X 2 Find the value of B so that f(x) is continuous everywhere along the real line. (c) The demand for watches is given by p = 7000 - 2q dollars, and the supply of watches is given by p 0.01q? + 2q + 1000 dollars, %3D where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for watches.Finf the AFC if the Total Fixed cost is 400 and the Output is 20?Assume that it costs a company approximately C(x) = 400,000 + 140x + 0.003x? dollars to manufacture x smartphones in an hour. (a) Find the marginal cost function. 400,000 – 0.000009 Use it to estimate how fast the cost is increasing when x = 10,000. 2$ per smartphone Compare this with the exact cost of producing the 10,001st smartphone. The cost is increasing at a rate of $ per smartphone. The exact cost of producing the 10,001st smartphone is $ Thus, there is a difference of $ (b) Find the average cost function C and the average cost to produce the first 10,000 smartphones. C(x) = C(10,000) = $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 10,000 smartphones. -Select--- at a production level of 10,000 smartphones. The marginal cost from (a) is --Select--- than the average cost from (b). This means that the average cost is
- A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p = 79 – 0.11D units. The fixed cost is $800 per month and the variable cost $33 per unit produced. What number of units, D*,should be produced per month and sold to maximize the profit per month related to the product? Round your answer to 2 decimal places.A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per unit. 1 It estimates the cost function of the product to be Tk. 1000 + 2 50 for q units produced. (i) Find the expression for the total profit, if q units are produced and sold. (ii) Find the number of units produced that will maximize profit. (iii)What is the amount of this maximum profit? (iv) What would be the profit if 6000 units were produced?= 2. The cost of operating a jet-powered commercial (passenger- carrying) airplane varies as the three-halves (3/2) power of its velocity; specifically, Co kny3/2, where n is the trip length in miles, k is a constant of proportionality, and vis velocity in miles per hour. It is known that at 400 miles per hour, the average cost of operation is $300 per mile. The company that owns the aircraft wants to minimize the cost of operation, but that cost must be balanced against the cost of the passengers' time (CC), which has been set at $300,000 per hour. At what velocity should the trip be planned to minimize the total cost, which is the sum of the cost of operating the airplane and the cost of passengers' time?
- Intelligent Inc. specializes in the manufacture ofcomponents for personal computers. Managementhas determined that the daily cumulative cost of producing these components (in dollars) is given by:C(x) = 0.0001x3 - 0.08x2 + 40x + 5000where x is the number of components produced.(a) What is the actual cost incurred for manufacturing the 301st component?(b) What is the marginal cost of the 200th component? What can you say about the marginal costas a function of x (increasing or decreasing)?(c) What is the average unit cost if you produce just300 units?What is the value of the exponent in the costcapacity equation if a pump half the size of a similar, but larger one, costs exactly half as much as the larger one?Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its marginal cost for a product is МС- 4x+ 25, that its marginal revenue is MR%3D 75 - 6х, and that the cost of production of 60 units is $8,880. (a) Find the optimal level of production. units (b) Find the profit function. P(x) = (c) Find the profit or loss at the optimal level.