a) A manufacturer’s marginal cost (MC) function is given by: 1000 MC = V3Q+12 Find the equation of the total cost function if total costs are 5200 when Q = 8.
Q: A manufacturer's total cost equation per day is given by the equation TC = 440 + 4q+,0001Q². If each…
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Q: a) Find the equation of the total cost function if total costs are 5200 when ? = 8.
A: The marginal cost can be determined by differentiating the total cost function with respect to the…
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Q: The average total cost of producing electronic calculators in a factory is $26 at the current output…
A: Average total cost is the total of all production costs divided by the amount of output produced. It…
Q: The average cost function is given as:- AC = 2.5Q2 - 40 Calculate the average cost for the 8th…
A: The information provided to us is as follows:- AC function is:- 2.5Q2 - 40 Also the quantity is 8…
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A: Slope = 20 Initial Value = $1020 Formula Total Cost = Fixed Cost + Variable Cost Total Cost = 1000…
Q: A manufacturer's total cost equation per day is given by the equation TC = 440 +4q+,0001Q². If each…
A: The functional connection that exists between costs and output is referred to as the cost function.
Q: Calculate the total cost function if average cost function is :- 36Q3 - 5Q2 + 10
A: We are given with the average cost function:- 36Q³ - 5Q² + 10 Also we know that :- TC = AC * Q
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A: The cost function calculates the lowest possible cost of manufacturing a specified quantity of…
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A: Cost function : C(q) = 64.5q + 11600 Average cost function, A(q) = C(q)/q = (64.5q+11600)/q = 64.5 +…
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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
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Q: What is meant by a sunk cost? Give typical sunk costs for an IT project.
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A: Marginal cost measures the change in total cost with an additional unit of production.
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A: The information being given is:- We are given with the average cost function:- 3Q² - 14Q + 20 We…
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A: Power Rule: d/dx (xa) = axa-1 where a is constant. And MC = C'(x)
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A: Average cost refers to the cost (AC) per unit. The average cost function can be derived as follows.
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Q: based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 1
A: Fixe cost does not vary with the output
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- A cost function is given. C(q) = 3600 + 5q-0.02q² + 0.00039³ (a) Find the average cost and marginal cost functions. +5 -0.02q +0.0003q average cost 3600 9 marginal cost 5 -0.04q+0.0009q (b) Use graphs of the functions in part (a) to estimate the production level that minimizes the average cost. (Round your answer to the nearest integer.) 194 ✓ units (c) Use calculus to find the minimum average cost. (Round your answer to two decimal places.) $ 32.41 X (d) Find the minimum value of the marginal cost. (Round your answer to two decimal places.) $ 4.56Suppose the fridge daily cost function produced at Friga's Frigid Fridges is represented by the following C(x) = x-2 x3 2000 50 (a) Find the differential of the daily cost and use it to approximate the cost change if the current production is at 500 units and 5 more units are produced. (b) Find the actual cost difference function and use that to calculate the cost for the 501st unit. (c) Find the marginal cost function, evaluate C' (500), and interpret your results. + 50x + 20, 000What 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?
- If average cost function is :- 13Q - 54 Find the total cost functionA company manufactures and sells book-cases .The selling price is $54.90 per book case.The total cost.The total cost function is linear, and cost amounts to $50,000 for 2,000 book-cases and $32,120 for 800 book-cases. (a)Write the equation for revenue.(b)Write the equation for total cost. (c)Find the break even point.If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals?
- Your boss is the director of reporting for the Athens County Construction Agency (ACCA). It has been his job to track the cost of construction in Athens County. Twentyfive years ago, he created the ACCA Cost Index to track those costs. Costs during the first year of the index were $14 per square foot of constructed space (the index value was set at 100 for that first year). This year a survey of contractors revealed that costs were $70 per square foot. (a) What index number will your boss publish in his report for this year? (b) If the index value was 500 last year, what was the cost per square foot last year?The fixed overhead expense of a manufacturer of children’s toys is$400 per week, and other costs amount to $3 for each toy produced. Find (a) the total cost of function (b) the average cost function, and (c) the marginal cost function. (d) show that there is no absolute minimum average unit cost. (e) what is the smallest number of toys that must be produced so that the average cost per toy is less than $3.42? (f) Draw sketches of the graphs of the functions in (a), (b), and (c) on the same set of axes.What is the formulae used to find unit cost?
- A company makes solar panels. The company's revenue function, in dollars, is R(n) =10n, where n is the number of panels produced. The cost function is C(n) 100 (2)30. R and C are shown on the graph below. 1000 800 600 400 200 1 20 40 60 80 100 in Number of Panels a) Estimate from the graph i) the break-even points ii) the number of panels that should be produced for maximum profit b) Write the equation for the profit function P. c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if ) the number of dollars of revenue per panel is increased slightly? ii) the cost function is changed to C(n) 100(2)35? f) What does the number that was changed in part e) ii) represent?| %3D DollarsATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the abovematerial cost depends on per unit of output