To fill an order for 100 units of its product, a firm wishes to distribute production between its two plants, plant 1 and plant 2. The total-cost function is given by c= f (91.92) = 0.19 +9q₁ + 17q2 + 1000 where 9₁ and 92 are the numbers of units produced at plants 1 and 2, respectively. How should the output be distributed in order to minimize costs? (You may assume that the critical point obtained does correspond to the minimum cost.) To minimize costs, the firm should produce units at plant 1 and units at plant 2. …...

Q: The average cost function is given as A(q) = 125/q+ q2/16 -4, where q is the firm's output. 1.…

A: Given the average cost function is Aq=125q+q216−4 (1) We have to determine the level of output for…

Q: y = 3(x3)/³ (max{x1,8x2})'/3 where 1, 12 and r3 are inputs and y is output. Let w1, w2 and w3 denote…

A:

Q: Suppose a firm's cost function is given by C(w), wz, y) = Kufw-"y where w, and y denote the price of…

A: Given that,  Firm's cost function;  Cw1,w2,y=kw1aw21-ayb                                         (1)…

Q: 1. Suppose the total monthly cost of manufacturing q units is given by C(q) = 0.1q? – 10q + 1000…

A: The average cost function is given below

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

A:

Q: Evaluate total cost function

A: (a) Consider the provided cost and revenue function, Cx=250x+4000  and  Rx=750x Find the total cost…

Q: What production level will maximize profits for a company with attached cost and demand functions

A: The marginal cost of production is given as:MC=dxdC​=5−500x​The equilibrium condition is satisfied…

Q: 14. The quantity, Q, of a certain product manufactured depends on the quantity of labor, L, and of…

A: The given function of quantity is Q=900L1/2K2/3, where L is labor and K is quantity. Labor costs…

Q: A firm produces a good from two raw materials X and Y which can be bought at unit prices of pX and…

A: We need to find x and y.

Q: A company with a monopoly is able to control the price of its product by limiting supply. If the…

A:

Q: We solve the problem of determining the production of two products (x1, X2), unless their market…

A: 1st we will find total profit then will use  Method of lagranges multiplier to maximize it . To…

Q: The production function for a firm is p(x, y) = 68x"y"", where x and y are the number of units of…

A: By Method of Lagrange's multiplier . To maximize fx,y,z subject to gx,y,z=k  Solve system of…

Q: If the cost function C(x) = x2 + x + 100, in Iraqi dinars, where x is the production size. The…

A: To find the average cost function, divide the cost function Cx=x2+x+100 by the production size x.…

Q: Suppose the demand functions facing a wireless telephone monopolist are Q£ = 80 – 200P for each…

A: Solution Given that

Q: The production function for a firm is p(x, y) = 72x"y"", where x and y are the number of units of…

A:

Q: MR = 6x2-40x + 50,

A:

Q: Find the breakeven point of a company if the cost function is C(x) = 100 – 15x and the %3D demand…

A: The breakeven point is obtained by solving the equation C(x)=x p(x). The value(s) of x is defined as…

Q: roduction function for a firm is p(x, y) = 96xy", where x and y are the number of units of labor and…

A: According  to guidelines  we solve one question. Thanku

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

Q: 15(b). The demand function for a manufacturer's product is p = 12- 0.03q where p is the price per…

A: Given: The demand function is p=12-0.03q where p is the price per unit and qis the number of units

Q: The supply function for a product is Ps(q) = (4 + 0.2q) 3/2 where q is in thousands of truckloads…

A:

Q: d. Suppose the cost function for x units of a commodity is given by C (x) = 81000 + 200x + 6x³7²…

A: Given,         The cost function for x units of a commodity is given by…