A manufacturing firm has a total cost curve: TC = 0.2Q3 - 5Q2 + 50Q + 240,  and a marginal cost curve of MC = 0.6Q2 - 10Q + 50. Calculate the minimum cost that the firm can possibly have. a.420 ≤ MC < 440 b.MC < 380 c.400 ≤ MC < 420 d.380 ≤ MC < 400 e.MC ≥ 440

Q: The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable…

A: A crucial idea in economics is the concept of cost. It speaks of the sum paid to obtain any goods or…

Q: You produce and sell Cillipods. Your average cost (in dola Cillipod) for manufacturing q Cillipods…

A: TC = q x AC = q3 - 30q2 + 5000 MC = dTC/dq = 3q2 - 60q

Q: A firm's total cost curve is TC-Q3-20Q2 +45Q+ 200. Its marginal cost is 3Q² - 40Q+45 Identify the…

A: Total cost(TC) refers to the overall expense incurred by a firm in producing a certain quantity of…

Q: 2. The weekly marginal cost of producing x ice cream makers is 28+ 0.05x dollars per ice cream…

A: Cost function can be written as follows:

Q: If short run total costs are 2q2 + 50q + 50, and output is 15, average variable costs will be 80.…

A: Given; Total cost; TC=2q2+50q+50 Formula to calculate average variable cost:-…

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: don't use chatgpt answer i will 6 upvotes and clear step by step explanation in case you worng i…

A: In economics, the marginal cost is the change in the total cost that arises when the quantity…

Q: A firm faces the following table of costs for various levels of production, if they can sell their…

A: 1- Continue the production At price of 1.33 , the output produced will be 45 units because at this…

Q: Output (q) VC MC AFC AVC AC 1 $100 $64 $164 $64 $100.00 $64.00 $164.00 2 112 212 48 50.00 56.00…

A: The table is completed below ,   where , FC: Fixed Cost VC : Variable Cost C: Total Cost  MC :…

Q: An oyster farmer produces two types of oysters - Crassostrea-Gigas (Pacific Oysters) and…

A: Total Cost function (For both goods  ) : TC  = 0.45P +  PK +  0.75KInverse demand function for P :…

Q: g) What will be the firm’s total fixed costs?

A: Fixed cost is that component of total cost that is independent of the output level.

Q: A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total…

A: In business, the average total cost, or ATC, is the sum of all product costs divided by the volume…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: 3.2. MP34U. Music Ventures sells a very popular MP3 player, the MP34u. The firm currently sells one…

A: Introduction Demand elasticity is a measure of how much the total demand for a good or service…

Q: It costs a company $500,000 to produce 1,000 treadmills. The company’s cost will be $500,350 if it…

A: Given, Total Cost for 1000 treadmill=$500,000 Total Cost for 1001 treadmills= $500,350

Q: A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the…

A: In Economics, marginal cost is the change in the total cost that arises when the quantity produced…

Q: None

A: We find the total cost function  C(q) from the marginal cost function C'(q). For this, we need to…

Q: The gap that exists in a graph between total costs and fixed costs represents the variable costs of…

A: Total cost is the sum of variable and fixed costs. TC = TVC + TFC

Q: 20. What is the Marginal Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 Og) 120 h) 160

A: The marginal cost is the cost of manufacturing an extra unit, and it relates to the change in…

Q: Suppose a firm's total cost and marginal cost are given by TC= 200 + 100+90 and MC= 10 + 180. The…

A: Firm total cost function: Marginal cost function: The average total cost is the total cost divided…

Q: don't use chatgpt answer i will 6 upvotes and clear step by step explanation in case you worng i…

A: In economics, the marginal cost is the change in the total cost that arises when the quantity…

Q: define total fixed costs

A: Cost refers to the expenditure incurred in producing a good by a producer. Cost is classified as:…

Q: A firm has access to two production processes with the following marginal cost curves: MC -0.4Q and…

A: Given; There are two production process with Marginal Cost curves:- MC1=0.4QMC2=2+0.2Q At optimal…

Q: 14. The research department of Acme, Inc. has determined the marginal cost function for one…

A: The marginal cost of production refers to the incremental cost incurred in the production of an…

Q: 50 50 50 50 50 50 50 50 50 50 25 46 60 69 86 113 141 176 218 267

A: