the cost to maintain inventory for the weather balloon is given by C (x)= (21500/x)+2.4x, where x is the number of balloons in inventory. find the marginal cost for adding the 101st balloon to the inventory. explain the meaning of this extra balloon in context to the scenario.

Q: If the firm hires 5 employee, total fixed costs equals

A: Total fixed cost is the cost which is even exits when output is zero. So at zero output we have the…

Q: Firm A is currently producing 102 units of output with total variable cost $4 and average fixed cost…

A: The current production of Firm A is 102 units. The total variable cost is given as $4The average…

Q: Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is…

A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…

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A: Cost is the sum of the resources—including time, money, materials, and labor—used to create a good…

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A: *Answer:  Processing time of bottleneck activity = 60 seconds Capacity per hour = (1*Number of…

Q: Consider the data in the table which applies to the provision of psychological testing services.…

A: Variable Cost is the cost which depends on the amount of output. It changes with the change in the…

Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of…

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…

Q: What is the price?  to make it breakeven

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Q: If fixed cost decreases to $16,000, does this change the production decision of the airline in the…

A: There are two types of costs, one is fixed and other is variable.Fixed cost does not depend on…

Q: What is the wholesale cost of an item, if the retail cost is $37 and the amount of markup is $7? Use…

A: Retail is the sale of goods to final consumers and the units sold is individual unit of good.…

Q: 1. Suppose a cost function is defined as C(q) = 8 + 13q + 15q^2 (a) Find the ATC, AVC, AFC and MC…

A: Average total costs: Economic costs involve not just the accounting costs but also the opportunity…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: The optimal level of labor and capital is given by the point where the marginal rate of technical…

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: One of the components of direct cost of construction projects is equipment cost where a contractor…

A: The cost of rented or owned construction equipment, as well as the costs of fuel, loading,…

Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…

A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…

Q: The total costs for a company are given by C(x) = 2100 +90x+x² and the total revenues are given by…

A: Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: in part b, how do we know that is the cost function? where are those variables coming from?

A: In part B of the question, you are asked to find expressions for the cost-minimizing levels of labor…

Q: A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q.…

A: Given:- TR=$2Q TC=$5500+$1.3Q To calculate:- Break even output level and profit at 8600 unit sale=?…

Q: If the cost of goods available for sale equals $100,125, calculate the cost of goods sold using the…

A: Given information, opening inventory = 100,125 closing inventory = 7650 + 20880 + 6755 + 2820 =…

Q: The difference between ATC and AVC decreases with decrease in level of output.

A: Average total cost (ATC) is the ratio of the total cost (TC) and the quantity (Q).  ATC=TCQ Average…

Q: A manufacturing company is currently producing 1,000 units of a product at a total cost of $10,000.…

A: Economies of scale refer to the cost advantage that companies experience when they increase their…

Q: Calculate Accounting profit if total revenue is $23,000 and explicit cost is $16,000

A: According to the above given question, the information given is:- Total revenue = $23,000 Explicit…

Q: Firm A is currently producing 104 units of output with total variable cost $4 and average fixed cost…

A: To calculate the marginal cost (MC), you can use the following formula:MC=ΔTVC/ΔQ​Where:MC is the…

Q: If variable costs for a firm is $660, the average total cost is $8, and the firm sells 120 units,…

A: Variable cost as the name suggests changes with respect to the output produced. For example- the…

Q: Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the…

A: Fixed cost is independent of output produced whereas variable cost varies with the level of…

Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…

A: Average Total Cost is also called per unit cost of production. It is calculated by dividing the…

Q: Which of the following is an example of an implicit cost? A) the cost of fuel and materials. B) the…

A: Implicit cost is also called opportunity cost. It is the cost that is incurred but not reported…