ind the marginal and average functions for the following total functions and graph the results. Total - cost functions: (a) C = 3Q2n+ 7Q +12   Total -revenue function: (b) R = 10Q - Q2   Total -product function: (c) Q = aL + bL2 - cL3                                  (a, b, c  > 0)

Q: ompute the MRTS for this production function: Y (K,L) = 2K+5L

A: MRTS also known as the marginal rate of technical substitution is actually the rate at which…

Q: 10. If the total cost function for a product is given by: TC - 1500 + 3Q - 10 Q² + Q° And if the…

A: Given: Total cost function is: TC=1500+5Q-10Q2+Q3

Q: 4. 16 where q is the firm's output. (i) Determine the level of output for average costs are minimum.

A: "Since you have asked multiple parts, we will answer only the first part for you. If you have any…

Q: A firm's production function is given by Q=40K0.8L0.2 Each unit of capital costs $40 and each unit…

A: At optimal level:-                    MPLMPK=wr Where; MPL=dQdLMPK=dQdK

Q: A multiproduct firm’s cost function is   C(Q1 ,Q2 ) = 50 -0.2Q1Q2 + 0.1Q22 Are there economies of…

A: Cost function:Economies of scope occur when the total cost of producing a combination of goods or…

Q: If Total Revenue = 25Q-2Q^2, graph the Total Revenue function and using the average cost function,…

A: By putting the different values of the quantity in the total revenue function we will get the total…

Q: What will be the value of explicit cost of Rajan if the total revenue generated by him is $1300 and…

A: The information being given is :- We are given with the total revenue and accounting profit values…

Q: The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280…

A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts of…

Q: 2) The owner of a restaurant that you are thinking of purchasing, tells you for x customers per week…

A: Cost : C(x)=15000+2x Revenue : R(x)=500x-3x2   a) Profit P(x) = Revenue R(x)-Cost C(x)…

Q: The average cost function of a firm is:- 2Q² - 350 Find the total cost function

A: The data presented in the question above is:- We are given with the average cost function of a firm…

Q: firm X has a total cost of 100 and a total variable cost of 80, what is its total fixed cost?     a)…

A: Fixed cost is independent of output produced.

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: The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are…

A: Revenue refers to the total amount of money earned by a firm from the sale of its goods or services.…

Q: (a) Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size…

A: (i). we have q=4000-250p250p=4000-qp=16-q250For revenue we know,Revenue = price ×…

Q: Accounting profit = ? Total revenue = 8304 Explicit cost = 7231

A: Basically in the question, Total revenue value is = 8304 Explicit cost = 7231 Value of accounting…

Q: ng started signment you will be working with models for price, revenue, cost and profit for a small…

A: A cost function is a formula that predicts the cost that will be incurred at a certain level of…

Q: Glen Eira City Council wants to impose a tax to fish and chips shops. It is considering two types of…

A: Since the second part of the question is not complete, we can provide you only the answer for the…

Q: at the production function of a chip manufacturer is Q-KL-L'. K-200, then 1,245 -10,000

A: Marginal productivity of labor shows the change in output due to employment of an additional unit of…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for…

Q: Consider the input output table below Table (Inter) final Total (Agric) (Manuf) (Mining)demand…

A: Given information

Q: Assume that the operation has the cost function C(O) = 200 - 30 - 80- 40 and the marginal cost…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600

A: The data presented in the question above is:- Accounting profit = $340 Explicit cost = $600 Total…

Q: The Cost and revenue funchon of a firm is given as /C=18+7Q+iOQ²+5Q3 and P = 1500Qt 3Q" ⑦Identify…

A: The cost function will include the fixed cost and variable costs. It will be shown as TC = FC + VC…

Q: At which point the total revenue equals to total cost is known as? One word

A: According to the given question Total cost is basically that cost in which the variable cost is…

Q: The marginal cost function for a company is given by C'(a) = q²-17q+70 dollars/unit, where q is the…

A: 1. Find the Total Cost Function:We are given the marginal cost function:C'(q) = q² - 17q + 70To find…

Q: What is MC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…

A: Cost Function = C = 4000 - 7Q + 8Q2  where Q = 5

Q: The Trouser Company has fixed costs of 2,400 per week. In addition, we have some information about…

A: The followings are the formula to calculate the AVC, AC, and MC: Average Variable Cost (AVC) =…

Q: What will be the accounting profit of the firm if the total revenue is $1020 and the explicit cost…

A: The information being given is :- Total revenue of the firm = $1020 Explicit cost = $350  We have to…

Q: Find the cost function for the marginal cost and fixed cost. C = Marginal Cost Fixed Cost (x = 0) dC…

A: The marginal cost function is given below:The fixed cost of production (at x =0),  is…

Q: Which of the following is correct regarding the shape of total fixed cost curve (TFC) ? (A)…

A: According to the given question Total fixed cost curve in simple words relatively refers to the…

Q: A firm's production function is given by Q=40K L Each unit of capital costs $40 and each unit of…

A: Given  Production function: Q=40K0.8L0.2              (1) Price of labor PL=$80  Price of capital…

Q: The marginal revenue (in thousands of dollars) from the sale of x handheld gaming devices is given…

A: The Average Revenue is characterized as the revenue that an organization can profit from by selling…

Q: (c) The cost function of a firm is given below: पतंजलि 4 Output Total Cost () 1 60 80 100 111 116…

A:

Q: Graph the appropriate function(s) in each problem, and use the graphing calculator and its features…

A: Given  Cost function: C(x)=0.1x2+35x+15,000        .....(1) Revenue function: R(x)=-0.9x2+385x…

Q: Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase…

A: Marginal cost is the change in the total cost due to the increment in quantity produced by one…

Q: Find the marginal and average functiions for the following total functions: a) Total cost function:…

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: Consider the following cost function: C(q) = 100+10q+q² (i) What are the formulas for the Total…

A: Given the information: C(q) = 100 + 10q + q2