Given Cost and Revenue functions C(q) = q° - 11q +51q + 5000 and R(q) = - 3q +2400q, what is the minimum marginal cost? The minimum marginal cost would be $ per item. (Round to two decimal places.)

Q: For the cost function C(x) = -0.05-x² + 10 -x+ 80 find: a. The average cost function b. The marginal…

A: Given function C(x) C(x)=-0.05x2+10x+80 To find average cost function we divide C(x) by x…

Q: Jollibee estimates that when r units of Peach Mango Pie are produced, the total cost will be C pesos…

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Q: The marginal revenue of a firm is given by the following equation: MR(Q) = 6 + 20Q + 14Q2 Where Q…

A: Use the standard formula relating marginal revenue and total revenue TR=∫MR dQ TR=∫6+20Q+14Q2…

Q: Total cost and revenue are approximated by the functions C = 4000 + 2. 2q and R = 4q , both in…

A: Given total cost of the functions C=4000+2.2q and revenue function is R=4q. We have to find the…

Q: The profit (in hundreds of dollars) from the expendi- ture of x hundred dollars on advertising is…

A: We have, the profit (in hundreds of dollars) from the expenditure of x hundred dollars on…

Q: For wages less than the maximum taxable wage base, Social Security contributions (including those…

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Q: A production process varies only with raw materials, as all other inputs are fixed. The cost of a…

A: Here we need to find the optimal value of Q, such that MR is maximum. We use second derivative…

Q: A farm that grows apples determined that their daily cost during peak season was C(a)=3.75a+350 a is…

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