The marginal cost function is MC = 100 – 20x + x², then the cost function is Select one: а. C(x) = -20+ 2x + k b. C(x) = 100x – 20x² + x³ + k С. 1 C(x) = 100x – 20x² +x3 + k - d. C(x) = 100x – 10x² + 1 + k е. None of the above

Q: Find the total-cost function c(q) given the marginal-cost function dc/dq below, if the fixed costs…

A: Given data: Marginal cost function, dcdq=1q+8 Fixed cost, FC=$4000

Q: q = AB + B2 1. Find the expressions for the cost minimizing levels of A and B. You do not have to…

A: Given: q = AB + B2 Where A is = Labor input B, is = Capital input To Find: The expression for the…

Q: For the cost function C(Q) = 200+3Q2+4Q3, what is the average fixed cost of producing 10 units of…

A: We have total cost function: C(Q)=200+3Q2+4Q3          ... (1) We have to calculate average fixed…

Q: The marginal cost function is ??(?) = 4 + 10? + 6?2 . Find the total cost function ??, when the…

A: Total cost function shows how the production cost varies in relation to output level. It is the…

Q: Consider the following cost minimization problem: Minimization CT = wL + rK Hold it: q= L1/2 K1/2…

A: Given: TC=wL+rK q=L1/2K1/2 Hence, in the long run cost minimization problem, MPLMPK=wr

Q: A fast-food company in Hermanus has the following cost function: TC = 10 + 3K + 2L, where Lis the…

A: Given  total cost: TC=10+3K+2L            ......... (1) and production function Q=2KL       ........…

Q: For the cost function C(Q) = 75 + 4Q + 2Q2, the marginal cost of producing 5 units of output is

A: The marginal cost is the change in the total cost that arises when the quantity produced is…

Q: To maximise profits, a competitive firm has a cost function, C(q) = 4q2 + 95 and produces 33 units…

A: The profit is maximized where the P=MC.

Q: The total cost of producing one unit is $100 The total cost of producing two units is $150 At a…

A: It is given that, the total cost of production of 1st unit = $100. The total cost of production when…

Q: C denotes the cost function and x denotes multiplication, Qs denotes the square of Q. C equals to 75…

A: Marginal cost (MC) assesses the cost born by a business unit in producing an extra unit of its…

Q: An economist estimates the cost function for Redwood Hill Farm, LLC as shown below. Redwood Hill…

A: For a specific production of a commodity, cost refers to the expense made by a producer on factor…

Q: 2,000 1,000 2 10 15

A: Average cost(AC) is minimized when q=10. At q=2, TC curve is increasing at increasing rate. At this…

Q: Q.No.6 a. If total cost function is (6) C= C(Q) Show the relationship between marginal cost and…

A: Marginal cost refers to the additional cost of production incurred in the process of increasing…

Q: Consider the total cost function, TC = 25 + 6Q - 5Q^2 + 6Q^3 Find the marginal cost (MC) at Q= 6.

A: The total cost function is,  TC = 25 + 6Q - 5Q2 + 6Q3 Marginal Cost (MC) is defined as the change in…

Q: For the cost function C(Q) = 100 + 4Q + 19Q2 + 2Q3, what is the marginal cost of producing the…

A: Answer to the question is as follows:

Q: Given prices for the two inputs as w1 = 1, w2 = 2, find the cost function of the (attached)…

A: Answer to the question is as follows:

Q: Let AC(q) and MC(q) be the average cost function and the marginal cost function respectively. (a)…

A: We know  AC(q)=TC(q)qand MC(q)=dTC(q)dq

Q: C(Q) = 100 + 20Q + 15Q2 + 10Q3 Based on the cost function, determine: The fixed cost of…

A: Total cost = Fixed cost + Variable cost Fixed cost is that which are not depend on level of output.…

Q: Based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 18

A: Fixed costs refer to the expenses that are incurred for the production of goods that would remain…

Q: Let the production function be Q = 4* K1/4 L1/4 assume that both factors are variable. (a)  Derive…

A: a.Given,Production function

Q: For the cost function C(Q) = 500+12Q+4Q2+Q3, what is the marginal cost of producing the eighth unit…

A: Cost is a function of the quantity produced.  It measures the cost incurred in the production of…

Q: Total cost function is given as:- 3Q4 -5Q3 + 2Q2 + 16Q Calculate the marginal cost function

A: # We know that Marginal cost is given as:- MC = change in Total Cost / Change in quantity Thus it…

Q: . A production process using two inputs, labor and capital is Q = 5LK where Q is output per day. MPK…

A: When the ratio of labour and capital prices equals the marginal rate of technical substitution of…

Q: Economic cost is equal to the sum of the explicit and the implicit costs True False

A: The economics as a study is associated with the use of various resources which are available with…

Q: At what level of output will average variable cost be at a minimum? What is the minimum average…

A: The average variable cost or AVC is the total (TVC) variable costs per unit of (Q) output. These…

Q: Assume the following production function: q = √k + √l a) Determine the cost function and the…

A: Cost is minimized when MPL / MPK = w/r MPL = ∂q/∂l = (1/2) / (l1/2) MPK = ∂q/∂k = (1/2) / (k1/2)…

Q: The total cost of producing q items is given by the formula C(q) = -q^3 + 40q^2 +1000, e.g. C(10)…

A: Total cost- It is the sum of all types of costs involved in the production.

Q: A company discovers that their total cost is $1700 at an output level of 9 units and $2000 at an…

A: Given: The total cost for a company at output level of 9 units is = $1,700 The total cost for a…

Q: Consider the following cost function: C=0.25q° - 49 + 85q + 150: When output is 16 units, average…

A: please find the answer below.

Q: Q (1) If the total costs function of a particular economic project is as follows: Required: Find the…

A: Given:  Total Cost = 35+40Q

Q: Total cost at zero level of output will be

A: # Total cost is given as the sum of total fixed costs and total variable costs. That is:- TC = TFC +…

Q: Give the formulas for and plot AFC, MC, AVC, and AC if the cost function is

A: The average fixed cost (AFC) is the total variable cost per unit of output. This is found by…

Q: Find the total-cost function c(q) given the marginal-cost function dc/dq below, if the fixed costs…

A: Given data: Fixed cost is $4000 dcdq=1q+8

Q: Which of the following statements is false? If marginal cost is rising, then average variable cost…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: If the production function is q = min{L, K/3} and the price of L is $3 per unit (w=3), and the price…

A: Given  Production function q=minL,K/3              ... (1) Price of labor (w) = $3 Price of capital…

Q: Which of the following statements is true? Costs are always explicit, never implicit. Costs are…

A: Cost is the expenditure incurred by the firm on purchase of factors of production for the production…

Q: In the following problem, c represents the average cost per unit, which is a function of the number…

A: Given: c=0.001q2-0.5q+50+7000/q q=15,q=25

Q: At zero level of production, _______ cost is always zero

A: Whenever production starts, the firm has to incur costs such as rent of the property such as…

Q: The total cost of producing the first q items is given by the formula C(q) = -2q^3 + 60q^2 + 1000…

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Q: Consider the Cobb-Douglas production function: 1. Derive the conditional input demands. 2. Derive…

A: Given  Production function: f(x1,x2)=Ax1αx212-α                ... (1) Let P1 and P2 be the input…

Q: Suppose the cost function is C(Q) = 50 + Q − 10Q2 + 2Q3. What is the marginal cost of producing 10…

A: Here, cost function is given as: C(Q) = 50 + Q − 10Q2 + 2Q3 To find: marginal cost of 10th unit.

Q: . The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s…

A: Given: AVC = a + bQ + cQ2 Total fixed cost each month is- $180,000. To Find: Are the estimates ˆa,…

Q: When production is at level zero then the value of ___________ cost is always zero.

A: Total cost = fixed cost + variable cost Fixed cost always remain constant even when output is zero.…

Q: The unit price of a product is given by P(X) = 200 -  0,01X and the total cost function C(x) = 50X +…

A: Given : P(X) = 200 - 0.01X  C(x) = 50X + 20.000