Total cost and revenue are approximated by the functions C = 4000 + 2. 2q and R = 4q , both in dollars. Identify the fixed cost, marginal cost per item, and the price at which this item is sold. Find the following: a. Fixed cost = b. Marginal cost = C. Price =

Q: a product is: MC = 6x + 4 dollars per unit. If the cost of producing 100 items is $31,400, find the…

A: To find the total cost function.

Q: For the cost function C(x) = -0.05-x² + 10 -x+ 80 find: a. The average cost function b. The marginal…

A: Given function C(x) C(x)=-0.05x2+10x+80 To find average cost function we divide C(x) by x…

Q: Total cost is given by the equation TC = aQ3 – b Q2 + c Q + d                   Find variable…

A: TC = aQ3 - bQ2 + cQ + d We have to find variable cost,marginal cost and average cost.

Q: If the marginal revenue (in dollars per unit) for a month is given by MR = -0.3x + 400, what is the…

A:

Q: The RideEm Bicycles factory can produce 110 bicycles in a day at a total cost of $10,200. It can…

A:

Q: A cookie company can produce 500 cases of chocolate chip cookies a week at a total cost of $3,000…

A: Given that : A cookie company can produce 500 cases of chocolate chip cookies a week at a total cost…

Q: find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

A: Find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

Q: Heavy Duty Boxes would like to produce a box at a lower cost for their client. The box will have a…

A: Let the width of box be x cm, so, the length of the box will be 2x cm. Also, let the height of box…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the marginal cost for a…

A: ∫xndx=xn+1n+1+C

Q: Assume that the supply function for a product Is given by P= 100/In(q+1).  How many units (q), to…

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: