Given the production function f (L K) = L2 / 3. K1 / 3, where L is the working hours and K is the capital. assuming that the capital price is r =

Q: The monthly cost function, in dollars, for a coffee maker factory is C(x) where x is the number of…

A: Cost function for a coffee makers produced= C(x) where; x= Number of makers produced  Total cost;…

Q: Suppose that the cost function for a commodity is (x) = 90 + x? dollars. (a) Find the marginal cost…

A: Answer to the question is as follows :

Q: Suppose that Jump A Lot Inc. can produce 12 trampolines a day for a total cost of $1,840. If…

A: For the constant return to scale production technology, the average cost of production remains the…

Q: Assume that it costs a company approximately C(x) = 484,000+ 160x + 0.001x² dollars to manufacture x…

A: Marginal Cost: it refers to the change in total cost due to 1 additional unit of production. As due…

Q: The cost, in thousands of dollars, of airing x television commercials during a sports event is given…

A: Marginal cost, C'(x) = change in total cost / change in quantity = δ(C)δx

Q: Cobb-Douglas type,?(?,?)=???? with?+?< 1, resulting in strictly convex isoquants and is the same in…

A: Bitcoin mining= output=B the input needed by the bitcoin miner for mining the bitcoin is Electricity…

Q: Suppose a company has fixed costs of $53,200 and variable cost per unit of 1/3x + 444 dollars,…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: product Y 28 24 20 16 12 8 4 0 0 Production Possibilities Frontier 4 point A 8 point F 12 16 point B…

A: Opportunity cost is the cost of producing one good in terms of other.  Opportunity cost shows the…

Q: Suppose the fixed cost of building a nuclear power plant is $1 billion. Suppose also that the only…

A: Marginal cost refers to the additional cost incurred by producing one more unit of a good or…

Q: A factory makes bicycle tires. The cost, C, in dollars and revenuue in dollars, R, are both…

A: Costs are the expenses that a firm incurs in the form of purchase of inputs to produce goods and…

Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…

A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…

Q: 6)ABC company is using labor and capital to build widgets The last employee produced 20 more widgets…

A: 6. The marginal product of labour = 20     The price of labour = $10     The marginal product of…

Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.005x³ +0.07x² + 19x +…

A: Marginal cost is the additional cost required in order to produce an additional unit of output.

Q: A firm produces output according to the following production function: Q = F (K, L) = 4K + 8L (a)…

A: The physical output of a production process and the physical inputs or elements of production…

Q: If the production function is given by f(x1, x2) = min{x1, x2} + min{x3, x4}, what is the minimum…

A: A production function in economics describes the technological relationship between the quantities…

Q: The number of units that minimizes the average cost is

A: The average cost is the cost computed by diving the total cost of production by the total quantity.

Q: A firm produces output according to the following production function: Q = F (K, L) = min{4K, 4L}…

A: The production function is a mathematical function looking to maximize the output level. The…

Q: Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One of the…

A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…

Q: Find the minimum cost of producing 30000 units of a product, where x is the number of units of…

A: Cost minimization problem of the firm: Min 91x +96y  subject to constraint 30,000 = P(x,y) =…

Q: Let C(T) be a function that models the dependence of the cost (C) in thousands of dollars on the…

A: The mineral extraction industry is essential to the world's economy due to the fact that it provides…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: a.) The optimal level of production can be calculated as follows: 73-6x=2x+258x=48x=6 Thus, the…

Q: You start crearing personaize hone cases. Suppose the quantity of cases demanded each month is…

A: (a) The average (AC) costs refer to per unit cost of production. It is obtained by dividing total…

Q: 14. Application: Demand elasticity and agriculture Consider the market for com. The following graph…

A: The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

Q: The production function is f (L, M ) = 5L1/2M 1/2, where L is the number of units of labor and M…

A: The production function is given as L is the number of labor units.M is the number of machines. The…

Q: Let the demand function for a product be given by the function D(q) = -1.65q + 270, where q is the…

A: The positive difference between the revenue earned from selling goods, providing services, or…

Q: For the cost function 125x + 375 C(x) = x+7 where C is in dollars and x is the number produced in…

A: Here we are given the cost function. A cost function is the function of output, and it gives the…

Q: Let the production function be given by q=2(square root of L)(square root of K)} and Price of K be 8…

A:

Q: Your automobile assembly plant has a Cobb-Douglas production function given by x0.4 0.6 q= where q…

A: The production function is the mathematical relationship between output and inputs employed. It…

Q: You are given a cost function of TC(Q)= 10,000+ 20 Q Assume Q = 500, initially. What higher Q would…

A: Total cost is the sum of fixed cost and variable cost.=&gt; TC = FC + VC Fixed cost is the cost that…

Q: Assume that it costs a company approximately C(x) = 400,000 + 160x + 0.003x² dollars to manufacture…

A: Marginal cost is defined as the change in total production resulting from producing an extra unit of…

Q: For the given cost function C(x)=250√x+ x^2/3375 -find a) The cost at the production level 1100…

A: Given: C(x) =250x+x23375

Q: The cost, in dollars, of producing z units of a certain item is given by C (z) = 5z – 8V 3. %3D Find…

A: Cost function  C(x) = 5x-8x-3       .......... (1) We have to find a production level that minimizes…

Q: Ten-year old Sarah is starting a lemonade stand, she uses baskets of lemons (L) and other…

A: Introduction We have given a production function of Sarah. She produces a basket of lemons and units…

Q: Assume that housing output is a function of the quantities of capital (k) and land (l) employed by a…

A: * Answer  :-  Given that ,  Assume that housing output is a function of the quantities of capital…

Q: The cost (C) of a apples in dollars can be represented by the function C(a)=0.27a, and the cost (P)…

A: The given equations are cost function of apple and banana

Q: C=19,250+70x+x2, where C is measured in dollars. For both unctions, the input x is the number of…

A: A profit function is a mathematical relationship between a firm's total profit and output. It equals…