EX22 Marginal Cost A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens given by the following function, where x stands for the number of units produced.c(x) = 0.0002x³ -0.06x² + 120x + 5000(a) What is the actual cost incurred in manufacturing the 91st oven? The 241st oven? The 311st oven? (Round your answers to the nearest cent.)91st241st $311st $(b) What is the marginal cost when x = 90, 240, and 310? (Round your answers to the nearest cent.)90 $240$310 $

The sum of payment paid to the factors of production for producing the final output is known as the…

Answered: Marginal Cost A division of Ditton…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Source SS df MS Number of obs 29 F(1, A = B Model .111807994 .111807994 Prob > F = 0.0109 Residual .404158376 .014968829 R-squared = 0.2167 Adj R-squared = 0.1877 Total .51596637 28 01842737 Root MSC = .12235 Inprice Coefficient Std. err. t P>|t| [95% conf. interval] bedrooms cons .0936127 .0342525 12.08029 .1318947 2.73 0.011 91.59 0.000 .0233324 11.80967 .1638929 12.35092 Given the above STATA output (some values intentionally removed), what is the missing value in the position "A"?
Please no written by hand solutions Suppose Fresno Technologies, a extended reality headsets manufacturer, wants to run an difference-in-difference estimation to quantify how well their new production process is working. There are two production lines: Line A and Line B. Line A receives the treatment (i.e., uses the new process). Production data is summarized below for before and after the application of the process. LineQuantity before TreatmentQuantity after Treatment(in units)(in units)Line A21002600Line B15001320 Calculate two difference estimates of difference-in-difference. First, an estimate in units. Second, an estimate in percentage. The first estimate is taking the difference of each line before and after the treatment, and then finding the difference between those differences. The second estimate is taking the percentage change in each line and then finding the difference between the percentage changes. The difference-in-difference estimate of the effect of the new…
With the population aging and patients who dread sitting in a sterile dental office, dentists are finding an opportunity in dental house calls. The Blende Dental Group has taken its service on the road in San Francisco and New York City, performing everything from routine exams and cleanings to root canals. Some patients are wealthy and prefer the personal service, whereas others are elderly homebounds who cannot get out to the dentist’s office. Recreating a dental office in a home requires additional equipment, such as a portable X-ray machine that looks like a ray gun, sterile water tanks, a dental drill, lights, and a laptop. A portable X-ray machine alone costs $8,000. Refer to Appendix 2: Marketing by the Numbers to answer the following questions. What types of fixed costs are associated with this service? Estimate total fixed costs for this additional service, and assuming a contribution margin of 40 percent, determine the amount of sales necessary to break even on this…
A counselor claims that a new method of conflict resolution is less prone to interruption than an old method. Prior experience suggest that clients interrupted each other average of an 10 times per session. A drug company claims that a single dose of a new drug relieves symptoms for a longer period of time than the current formulation. The current formu- lation relieves symptoms for eight hours, on average. Americans gain an average of one pound per year as they age between the ages of 25 and 45. A public health campaign aims to decrease the amount of weight gained during this interval.
Provide an analysis of the evidence emerging from tables 1 and 2
University Health System located in San Antonio, Texas implemented a patient navigation program to improve screening for colorectal for Hispanic males, 50 and older, who were members of CareLink (Bexar County’s financial assistance program), and who had not received colorectal cancer screening in the last 10 years. The program incorporated the principle of ____________ (i.e. mistakes are expected and opportunities are given for correction) by making calls to remind patients of their missed appointments. This is a behavioral economics principle under the behavioral concept of ____________. Availability, Judgement Allowance for errors, Choice architecture Framing effects, Decision-making Fairness, Decision-making
Given cE = p(aE - bE2), Solve for E.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Provide an analysis of the evidence emerging from tables 1 and 2.
i need this in words please rewrite it not handwritten
Country S and Country T are two similar countries with the same working population equal to 100. Firms use the following production technology: Y= AK*N(1-») Where A is the TFP and it is set to 10, while a=0.5. In both countries, capital depreciates at a rate of 8=10% per period, but while the population in country S is stable over time, the population growth in country Tis 10% per period. a. Find the minimum level of investment per capita necessary at time t to raise the level of capital per capita in time t+1, knowing that both countries start with 1000 capital at time t. b. Suppose that in both countries, citizens save 10% of their income every year. Compute the long-run steady state equilibrium: What will be the output per capita? Which country will experience more economic growth in per capita terms? And in absolute terms? c. Once the countries reach their steady state, what will happen to economic growth? How can government achieve long-run growth? TIP: Answer to this question,…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS