Refer to the graph in the textbook. If x screwdrivers produced in thousands, and y represents the marginal cost in hundreds of dollars per thousand screwdrivers, then the area A represents that the total variable cost v of producing 20 thousands of screwdrivers v is 200 x dollars.

Q: An organization providing cell phone cases with their logo on it can give away 158 cases in a day.…

A: Let us say the daily cost of all the cases in a day is 'c'.  This cost will depend on some varialble…

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: According to the equation given, a toy manufacturer calculates its daily pro workers n it employs.…

A: Given, Profit function is           P=300n-0.6n2

Q: The total cost to produce x handcrafted wagons is C(x)= 80 +3x -x +5x°. Find the marginal cost when…

A:

Q: . If the profit for a product is given by P(x) = 20Vx +1– 22x – 22 thousand dollars, what is the…

A:

Q: A company produces 1200 widgets a week at a total cost of $15,000 and 1800 widgets a week at a total…

A:

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

A:

Q: (3) The demand function for a tablet is given by the model p= 200–16x where p is measured in dollars…

A:

Q: Find the marginal revenue function.

A:

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

A: Given :  a manufacturer of widgets has fixed costs of $7000 per month and that the variable cost is…