Find the cost function for the marginal cost and fixed cost. C = Marginal Cost Fixed Cost (x = 0) dC dx = +40 80 $2,500

Q: What is AC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Average cost measures the per unit cost of production.

Q: If the firm hires 5 employee, total fixed costs equals

A: Total fixed cost is the cost which is even exits when output is zero. So at zero output we have the…

Q: Assume that the situation can be expressed as a linear cost function. Find the cost function.…

A: The total cost function comprises of variable costs and fixed costs. The fixed costs remain the same…

Q: Calculate the value of average cost when the value of total cost is $100 and the no of units are 10

A: The average cost (AC) refers to the total cost per unit of output produced. The formula for AC is as…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: We are given the total cost function which depends on the quantity whose range is also given. And…

Q: For a short-run cost function which of the following statements is (are) not true?

A: The marginal cost function intersects the average variable cost function where the average variable…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: Find total cost given that:- Fixed cost = $90 Variable cost = $45

A: The data presented in the question above is:- Fixed cost = $90 Variable cost = $45   Total cost is…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: Average Cost is the per unit cost while marginal cost is the change in total cost for next unit

Q: What is MC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: If the average variable cost is $2.00 and the average total cost is $8.00 and the marginal cost is…

A: Answer: Note: I am considering that average variable cost, not average available cost as you have…

Q: how do you find the total fixed cost if you don't know total variable cost

A: To determine the TFC of the whole table, we just need to find TFC of any quantity because TFC…

Q: Suppose that the cost, in dollars, for a company to produce x pairs of a new line of jeans is…

A: Given  Cost Function C(x)=7000+6x+0.01x^2+0.0002x^3

Q: Let the production function be F(K,L) = sqrt(KL) Find the minimum cost for the long run

A: The production function shows the relationship between inputs and output. The rise in inputs causes…