Only solve part D. 3. The total cost for a company to produce x units of a certain commodity is given byC(x) = 4x2 + 83x + 144.Market research finds that if the company produces x units of the product, themaximum price per unit that they should charge in order to sell all of them is givenbyp(x) = 237 – 3x.(a) Use marginal analysis to estimate the cost of producing the eighth unit.(b) Find the actual cost of producing the eighth unit.(c) Find the level of production that maximizes the company's profits, and calculatethe maximum profit.(d) Find the minimum average production cost per unit and the level of productionthat minimizes this average cost.

Average cost(AC) is defined as total cost(TC) divided by the total units produced. Here, units are…

Answered: (d) Find the minimum average production…

Business

Economics

(d) Find the minimum average production cost per unit and the level of production that minimizes this average cost.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.4P

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Solve it early all subparts correctly I upvote definitely. Handwriting or typed not in excel
8. (a) At a health food manufacturing plant, it costs $20000 to produce 1500 cases of tofu, and $26000 to produce 2000 cases of tofu. Find this manufacturer's linear cost function based on this information. (Let r be the number of cases of tofu.) (b) Each case of tofu is then sold for $18. Find this manufacturer's revenue function. (c) Find this manufacturer's profit function and simplify it. (d) What is the break-even point for this business?
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don't use Al bot or chat GPT otherwise downvote Microsoft is selling a one-of-a-kind software program for which they have no competitors. The demand they face for their product is q = 1000 − 5p. Their cost function is C(q) = 1000 (Each copy of the program has zero marginal cost). How many copies do they sell? (a) q = 100 (b) q = 250 (c) q = 400 (d) q = 500 Get the answer, and explain how you got it.