he total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, ve need to know the manufacturer's fixed costs (covering things such haintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, ve multiply the variable cost by the number of items produced during that period and then add the fixed costs. uppose that a manufacturer of widgets has fixed costs of $5000 per month and that the variable cost is $16 per widget (so it costs $16 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of vidgets produced in a month.) (b) Express using functional notation the total cost if there are 150 widgets produced in a month. Calculate the total cost if there are 150 widgets produced in a month.

Q: Calculate the Consumers' Surplus at the indicated unit price p (in dollars) for the given demand…

A: Givenat the indicated price

Q: What is the price that will maximize total revenue, given the demand function P= 2.6 e 0.04Q? O A.…

A: The objective is to find the price that maximizes the total revenue.

Q: What formula did you use for demand

A: What formula did you use for demand?

Q: How does the average cost function illustrate a problem for small businesses?

A: The average cost function is the sum of fixed cost and the variable cost divided by the number of…

Q: The total cost C for a manufacturer during a given time period is a function of the number N of…

A: a) for N = 300  p= 50 - 0.05 x 300 = 50 - 15 = 35 For N = 500 p = 50 - 0.05 x 500 = 50 - 25 = 25

Q: AUS manufacturer sells handbags in the UK and EU. The demand function is the same for both markets…

A:

Q: = Find out (i) P/V ratio, (ii) Fixed Cost (iii) Sales volume to earn a Profit of 745,000. From

A:

Q: The table to the right contains price-demand and total cost data for the production of projectors,…

A: Given the table contains the price-demand and total cost data for the production of projectors…

Q: Suppose the supply and demand functions for a product are given by 6p-q=180 and (p+20)q=30,000…

A:

Q: The reorder point is defined as the lead-time demand for an item. In cases of long lead times, the…

A: Introduction: To calculate the reorder point in terms of the inventory position and in terms of the…

Q: Determine the total cost function.

A: Total cost function from average cost function

Q: The cost that vary accordingly to the volume of output is _____________. a. All the options b.…

A: Given query: Need to find correct option about cost.

Q: A local retail business specializing in the sale of personalized baby blankets has a fixed cost of…

A:

Q: 1) Use the weekly cost model to estimate the total weekly cost when the weekly demand is 147.  Round…

A: To solve these questions, I will first find the linear regression model for the cost data using x as…

Q: C(c1, C2, $1, A1, A2) = u(c1) + u(c2)+ A1 [Y – P;C1 – s1] + A2 [(1+r)s1 – P,c2] . Take the first…

A:

Q: Identify whether the following cost function is constant, linear, quadratic, cubic, etc. C(Q) = Q´ +…

A: To identify: Whether the cost function CQ=Q2+Q+37 is constant, quadratic or cubic. Concept used: The…

Q: Total costs

A: Types of Costs Fixed Costs (FC) ->The costs which don't vary with changing output. ...  Variable…

Q: The demand equation for a certain product is 6p² + q² = 1,200, where p is the price per unit in…

A: The demand equation for a certain product is 6p2+q2=1200,where p is the price per unit in dollars…

Q: Suppose demand is given by p = 1600 − x. Find the maximum revenue.

A:

Q: A firm produces headphones in two qualities, Basic (B) and Premium (P). For the coming year, the…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.