A farmer produces potatoes. The following are formulas for the farmer's variable cost (in hundreds of dollars) and marginal cost (in dollars per bag) for producing q hundred bags of potatoes. vc(a)=3 +g and MC(a)=o+1. a.) Use the formulas for VC(g) and MC(g) to compute variable cost and marginal cost at 300 bags of potatoes. variable cost: 1.2 v hundred dollars marginal cost: [.10 v dollars per bag b.) Fixed costs are 80 dollars (0.80 hundred dollars). Compute total cost, average cost, and average variable cost at 300 bags of potatoes. Round your answers to two digits after the decimal, necessar V hundred dollars x dollars per bag Ix dollars per bag total cost: 2 average cost: 2 average variable cost: 1.2 c.) Write out formulas for total cost (in hundreds of dollars), average cost (in dollars per bag), and average variable cost (in dollars per bag) to produce q hundred bags of potatoes. TC(q)= 1.2(q) +.80 1.2(g) (9). AC(q)= 1.2(q) AVC(q)=
A farmer produces potatoes. The following are formulas for the farmer's variable cost (in hundreds of dollars) and marginal cost (in dollars per bag) for producing q hundred bags of potatoes. vc(a)=3 +g and MC(a)=o+1. a.) Use the formulas for VC(g) and MC(g) to compute variable cost and marginal cost at 300 bags of potatoes. variable cost: 1.2 v hundred dollars marginal cost: [.10 v dollars per bag b.) Fixed costs are 80 dollars (0.80 hundred dollars). Compute total cost, average cost, and average variable cost at 300 bags of potatoes. Round your answers to two digits after the decimal, necessar V hundred dollars x dollars per bag Ix dollars per bag total cost: 2 average cost: 2 average variable cost: 1.2 c.) Write out formulas for total cost (in hundreds of dollars), average cost (in dollars per bag), and average variable cost (in dollars per bag) to produce q hundred bags of potatoes. TC(q)= 1.2(q) +.80 1.2(g) (9). AC(q)= 1.2(q) AVC(q)=
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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