1. The cost in dollars to produce x yards of a certain fabric is: C (x) = 84 + 0.16x - 0.0006x2 + 0.000003x3 a)Find the marginal cost function b)Find C '(x) and explain its meaning. What do you forecast? c)Compare C '(100) with the cost of making the 101-th yard.

Q: Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is…

A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…

Q: The cost, in thousands of dollars, of airing x television commercials during a sports event is given…

A: Marginal cost, C'(x) = change in total cost / change in quantity = δ(C)δx

Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 0.202 +120Q + 5,000, the…

A: Marginal cost (or MC in short) reveals the extra cost incurred by the business unit when it…

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A: At optimal level:-                    MPLMPK=wr Where; MPL=dQdLMPK=dQdK

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A: Total cost is the cost incurred by the firm on the production of final goods and services. The total…

Q: 5) If Hilltoo Turf Farm's total cost of producing acres of sod is TC = 0.202-1200 - 5,000, the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: We are given the total cost function which depends on the quantity whose range is also given. And…

Q: Cost, Revenue & Profit For these problems, xx will represent the number of items and yy will…

A: Slope intercept form: Y=AX + B

Q: A skateboard manufacturer produces skateboards at a cost of $45 each, monthly fixed cost of $9000.…

A: Per unit cost of skateboards: $45 Monthly fixed cost: $9000 Let x be the quantity of skateboards…

Q: The cost function of producing Q units of good s.t:

A: ‘Total cost’: ‘Total cost’ is the amount that includes all the expenses that are paid to produce a…

Q: 1. If the cost function of producing a commodity is: 40 + 50x + Vx2 +110 C (x) == where x represents…

A: The given cost function is: C(x) = 40 + 50x + VX2 + 110 Assuming V is a constant greater than 0 To…

Q: 8. (a) At a health food manufacturing plant, it costs $20000 to produce 1500 cases of tofu, and…

A: (a) The linear cost function could be written as : Y = Ax + B Y = Total cost Ax = Variable cost,…

Q: 1. The cost in dollars, of producing x golf balls is given by: C(x) = 0.35x + 64 000 The average…

A: Answer -

Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC= 0.20- 1200 - 5,000, the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The MBF plant costs a total of $ 45,000 if it produces 500 products, and a total cost of $ 100,000…

A: Total Cost = 45,000 Quantity = 500   If produces 1000 units then TC = 100,000

Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i.…

A: Given: R(q) = 50q - q2C(q) = 15 + 10q   (i) Fixed cost is that component of total cost function that…

Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…

A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: in part b, how do we know that is the cost function? where are those variables coming from?

A: In part B of the question, you are asked to find expressions for the cost-minimizing levels of labor…

Q: function for the lightweight compasses is given by p = 40 – 4q where q is the number of lightweight…

A: (i) The profit is the extra revenue earned by the firm which exceeds its production cost. Its…

Q: Farmer Joe’s production function is f(x1, x2) = x 1/3 1 x 1/3 2 , where x1 is the number of pounds…

A: Given; Farmer Joe’s production function; f(x1, x2) = x11/3x21/3 where; x1 is the number of pounds of…

Q: c. Find the profit and the instantaneous rate of change of profit at a production level of 800 car…

A: Profit is said to be the revenue generated by a firm over its cost, which can be calculated using…

Q: If c=3q-3q2+q3is a cost function, when is marginal cost decreasing?

A:

Q: Justify the statement. T/F  Variable cost change with the change in the level of output in a…

A: Cost is the monetary value of the resources that are given up or depleted in order to accomplish a…

Q: f the cost of producing 100 pies is $274 the average total cost is?

A: Average total cost refers to total cost per unit of output. It is the sum of average fixed cost and…

Q: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

Q: A firm manufacture robots, for which $1000 machinary is used. The additional per unit cost is $100.…

A: Total cost is the sum of fixed cost and variable cost. Variable cost is a cost that varies with the…

Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…

A: Cost Function = C = 4000 - 7Q + 8Q2  where Q = 5

Q: 1. If the average cost of a plant to produce a "q" unit is explained by the functions below this: C…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: 86. Average and marginal costs. The total daily cost (in dollars) of producing x city bikes is given…

A: Total cost function: The total cost is in dollars. The average cost function is the total cost…

Q: If the marginal cost for ski gloves is C'(x) = 3.5x + 12.5 and C(0) = 462, find the cost function.…

A: Marginal cost is the addition to the total cost for producing an additional unit of output.

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: If the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the…

A:

Q: Consider the following chart. How much is the marginal cost when total output increases from 390…

A: To find the marginal cost when the total output increases from 390 pounds to 450 pounds, we need to…