A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following S'unit 25 20 15 (9) 10 5 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is S 330 eTextbook and Media Hint X Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) = 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is $ i 20922.05 (b) Find the value of C' (190). C' (190) = $i (c) Use parts (a) and (b) to estimate C (191). C(191) = $

A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following S'unit 25 20 15 (9) 10 5 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is S 330 eTextbook and Media Hint X Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) = 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is $ i 20922.05 (b) Find the value of C' (190). C' (190) = $i (c) Use parts (a) and (b) to estimate C (191). C(191) = $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

See similar textbooks

Similar questions

Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?
ATC, 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 above
In line with the information including the production amount and total cost of the firm and the double (half) average technique, write the total cost function of the firm by making the relevant calculations and calculate the total cost for the production of 1150 units. .
SOLVE USING EXCEL PLEASE There is no more information to provide. This should be all that is necessary.
Need answer ASAP no explanation needed
If output is 34 unit and total cost is $1300 Find average Cost
2
What is the formulae used to find unit cost?
$150 125 100 75 50 Cost per Unit 25 0 5 e 15 25 30 MC ATC AVC Units per day Use the graph above to answer the following question: What is the total cost of producing 15 units? Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think the answer is "$101.58" then enter the answer "101.6" in the space below.
If explicit cost equals to $40000 and implicit cost $ 95,000 and the accounting profit is $23,000 what is the revenue and the economic profit
When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs (900) Riyals. Calculate the Average Variable costs AVC ?
Refer to the following: Output 0 50 100 150 200 Total Cost $ 300 800 1050 1650 2400 Average Variable Cost when 150 units of output are produced is $ 9 The additional cost of producing the 117th unit of output is $ Explain