In an extensive study of cost functions for 40 firms in Great Britain, it was found that if x is the output (in millions of units) and y is the total cost (in thousands of pounds of sterling), then the cost function is similar to the following: C(x) = -0.02x² + 2.43x + 13.15 Compute the marginal costs when x = 56 million units have been produced. The marginal costs at 56 million units is C'(56)= The proper units are: (Enter a number only, including a negative sign, if appropriate.) O Units per sterling O Millions of units per thousands of pounds of sterling O Sterling per unit O Thousands of pounds of sterling per million units

Q: Let C = 145ln(q+30) + 400 be a cost function with C having units of dollars. Find the marginal cost…

A: Marginal cost is the derivative of the cost function, so take the derivative and evaluate.

Q: The cost in dollars of producing alarm clocks is given by C(x) = 50x³ – 750x²+ 3740x +3750, where x…

A:

Q: An individuals utility function is given by U = 340x1 + 960x2 + 2x1¤2 – 2x – x/2, when the weekly…

A:

Q: Determine the following for the scenario: Suppose that for a certain company, the price-demand…

A:

Q: 3. A toy manufacturer has the following cost function: C(x) = 0.1x3 – 2x? + 10000 when x toys are…

A: Given:

Q: The marginal cost of producing the xth box of CDs is given by 12 - x/(x2 + 1)2. The total cost to…

A:

Q: The price-demand equation and the cost function for the production of a certain product ar r = 6940…

A:

Q: dC = 0.04q - 1.2q + 8.5 is a marginal cost function. If the fixed costs are 1535, find bp Suppose…

A: Given that: Suppose that  dCdq = 0.04q2 -1.2q+8.5  is a marginal cost function. The fixed costs are…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2  and itsaverage cost A(q) = 1/30 q2 − 12.85q…

A:

Q: Suppose that a cost–benefit function is given by f (x) = 50x105 - x, 0 … x … 100, where x is the…

A: Given Data: Cost-benefit function f(x)=50x105-x