For the given cost functionC'(x)10000+400x + x² find:a) The cost at the production level 1300=b) The average cost at the production level 1300c) The marginal cost at the production level 1300d) The production level that will minimize the averagecoste) The minimal average cost

Cost function is used to calculate cost of production for a specified no. of units produced. It…

Answered: For the given cost function C(x) =…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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For the given cost function C(x) = 28900+ 500x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $
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Given the output (quantity), total fíxed cost and total cost (in RO) in the following table:- Ouantity Total Fixed Total Variable Total Cost Marginal Average Average Total Cost Cost тC Cost Variable Cost Cost TFC TVC MC AVC AC 10 10 10 20 10 28 3 10 34 10 38 5 10 42 10 48 10 56 10 72 Calculate Total Variable cost (TVC) , Average variable cost (AVC), Average cost (AC) and marginal cost (MC) (show your work) Draw only the Average variable cost (AVC) and Marginal Cost (MC) curves. 2.
I'm not sure what the total cost formula is
J10.
In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with outputc. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
NOTE: strictly use algebraic approach. Formulas are given in the photo attached thank you
In describing the cost formula equation, Y = a + bX, which of the following is correct: Select one or more: a. (a) means variable cost per unit b. (X) means total variable cost V c. (a) means fixed cost d. (y) means total fixed costs
Which of the following best describes a fixed cost? a.Cost representing a fixed proportion of total costs b.Cost directly related to output c.Cost that remains at the same level up to a particular level of output . d.Cost that remains at the same level when output increases.
How would the equation for total costs be written using the following? y = total costs v = variable cost per unit of activity x = volume of activity f = total fixed costs Question 3 options: y = xv y = xv + f y = xf y = f

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For the given cost function C(x) = 10000 + 400x + x² find: a) The cost at the production level 1300 b) The average cost at the production level 1300 c) The marginal cost at the production level 1300