A firms production function is Q(L) = 15L2 - 1L3 , where output (Q) is a function of a single input labour (L). Find the number of workers required to maximize total For what number of workers is average product maximum?

Q: The function is the revenue function for selling widgets and gizmos with demand price functions…

A: Given demand price functions for selling Gizmos and widgets are…

Q: What production level will maximize profits for a company with attached cost and demand functions

A: The marginal cost of production is given as:MC=dxdC​=5−500x​The equilibrium condition is satisfied…

Q: Example 9. The function of a firm is given by C= 900x – 30x2 + x', where C is the cost and x the…

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Q: 14. The quantity, Q, of a certain product manufactured depends on the quantity of labor, L, and of…

A: The given function of quantity is Q=900L1/2K2/3, where L is labor and K is quantity. Labor costs…

Q: For each cost function (given in dollars), find the cost, average cost, and marginal cost at a…

A: Given : a. at q = 1000 Average cost = 128000/1000 = 128 dollars / unit   Marginal cost for q=1000

Q: A firm's demand function for a good is given by D: P= 100-2Q and their total cost function is given…

A: We solve the equation TC=QD by using quadratic formula to find the break even points of the firm.

Q: If fixed costs are 5, variable costs per unit are 3 and the demand function P=25-8q obtain an…

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Q: 2) A firm is a monopoly for the good it produces. Its average variable cost function is AVC = q ²+4…

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Q: 4) If the demand function for a fixed period of time is p = 3000–6g and the supply function before…

A: Let p be the price per unit in dollars and q be the number of units. The demand function is given by…

Q: The demand function for the product manufactured by a monopolist is p = 22 − 0.16q. The total cost…

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Q: The marginal revenue function of a company is MR = 6x2 – 40x +50, then the %3D | demand function is…

A: Marginal revenue is increase in revenue generated as a result of sale of one extra unit.

Q: The cost of producing x units of a product during amonth is x2 dollars. Find the minimum cost method…

A: Introduction: Lagrange multipliers is a technique used in calculus to find the extrema of a…

Q: uppose a company has fixed costs of $1800 and variable costs per unit of x- + 1510 dollars, where x…

A: Given fixed cost is $1800. The variable cost is given by 78x+1510x where x is the total number of…

Q: 3(a) The cost of manufacturing motor cycles (per day) is related to number to number of motor cycles…

A: Here we have to use the concept of derivatives.

Q: A firm's demand function for a good is given by D: P= 100-2Q and their total cost function is given…

A: The given demand equation is P=100-2Q and the cost function is TC=300+8Q.