What is the marginal cost associated with producing three units of the contral variable, O (identify point E in the tablej?36TotalTotalCosts Benefits BenefitNetMarginal Marginal Narginal NetBеnefitControlvariable BenefitsCostMB(0)MC (Q)MND (0)SeppedB(Q)C(0)90010080090010080021,7003008002006002,4006001,800700E40041,0002,0006004002003,5001,5002,0005005006001,8001,4003,9002,100D-2004,2004,4002,800300700-400200100800800-6004,5004,500900-800104,5005,500-1,0001,000-1,000Mutiple Choice50100200300

Marginal Cost can be defined as additional cost incurred due to production of one more unit of…

What is the marginal cost associated with praducing three units of the control variable, O (dentify point E in the tablej? 36 Control variable Benetita Total Conta C(0) Net Benefita Benefit N(Q) Total Marginal Marginal Marginal Net Benefit MND (O) Cost B(Q) MB (0) MC(0) epped 900 100 300 B00 900 800 100 B00 600 400 200 E 400 500 1,700 600 1,000 1,500 2,400 1,800 2,000 700 600 200 3,500 2,000 500 3,900 2,100 1,800 D 600 -200 4,200 2, 800 300 700 1,400 H00 400 -600 -800 4,400 200 B00 4,500 4,500 4,500 5,500 100 900 1,000 10 -1,000 -1,000 Mukiple Choice 50 100 200 300

What is the marginal cost associated with praducing three units of the control variable, O (dentify point E in the tablej? 36 Control variable Benetita Total Conta C(0) Net Benefita Benefit N(Q) Total Marginal Marginal Marginal Net Benefit MND (O) Cost B(Q) MB (0) MC(0) epped 900 100 300 B00 900 800 100 B00 600 400 200 E 400 500 1,700 600 1,000 1,500 2,400 1,800 2,000 700 600 200 3,500 2,000 500 3,900 2,100 1,800 D 600 -200 4,200 2, 800 300 700 1,400 H00 400 -600 -800 4,400 200 B00 4,500 4,500 4,500 5,500 100 900 1,000 10 -1,000 -1,000 Mukiple Choice 50 100 200 300

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

IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. 1. Fixed costs (per year) Rent Utilities Managerial salaries Flammability permit Other fixed expense Total fixed $18000 13200 20000 12000 2400 $65600 Variable Costs per gallon Glycol FreezeFree 312 Mfg labor Packaging Inert ingredients Advertising Total $1.50 .50 .20 .20 .60 .30 $3.30 What is the annual breakeven production quantity (use above data, show work)? 2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? 3. The production department says 29000 gallons is its maximum production capability. Management insists on earning $94400 above fixed costs. All costs are as given initially. What price must be charged per gallon if only 29000…
(d) I'd like to know how to cpmpute producer surplus. Thanks.
Refer to the diagramhe ight. The vtal diterence beween curves Fand G measures OA fxed costs O B. marginal costs OC. average fred costs O D. sunk costs. Quantily of oulpul
● ● The marginal benefit to Lesley of staycations during the year at a hotel are given by the ollowing schedule: Number of Weekend Staycations 1 2 3 4 5 Marginal Benefit $550 $460 $390 $250 $200 $150 If the marginal cost of a staycation at the hotel is constant and equal to $360, how many weekends at the hotel is Lesley likely to enjoy? If Lesley stays for 5 weekends, what is the net benefit/(cost)?
None
I need this fully broken down for me Like How we get B(y) and C(y) to turn into Marginal Benefit (MB) and Marginal Cost (MC) and so on and so fourth. Typed plzzzz And Asap
Only typed answer
don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote show calculation
Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Location A B C Fixed Cost 60000 80000 130000 Variable Cost 30 20 10 Write an equation to represent the total costs for each location. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis. Over what range of output is location A the most preferred location? Over what range of output is location B the most preferred location? Over what range of output is location C the most preferred location?
1. (a) A company expects fixed cost of $55,000. Margin is to be 46 percent of the retail. Variable cost in addition to costs of goods is estimated at $0.06 per dollars of sale. Find the profit function using s for sales volume. (b) Square Hospital Limited charges every COVID patient a fixed amount for using their ICU facilities. What would be the graphical nature of the demand function of ICU in this case ? (c) Write down the general form of the Augmented matrix of a system of Linear Equation which consists of 5 equations and 4 unknowns. (0.5 0.5 (d) Calculate the steady state vector for the given transition matrix: (e) Assuming the nonnegativity constraints for each variables, calculate the total number of corner points for the following system of inequalities: 2x + 5y + 4z 2 29 3r + 2y + z 2 23 10r + 8y +5z > 62
I only need help with the last three
1. The cost function for a commodity is given by C(x) - 200+12x+0.1x² (S) and the demand funct is p-300-0.02x ($/unit) where x- quantity (demanded and produced). (a) What is the profit function for this commodity? (b) Find the marginal profit function. (c) What is the marginal profit when x-10?! (d) What does this marginal profit tell you? (e) Find the level of demand at which profit is a maximum. Show how you do this using calculus. (1) What is the maximum profit, and what is the selling price that realizes this profit? Ans: R(x)-300x-0.02x², P(x)=-0.12x² +288x-200, P'(10) - 285.6 (S), approximate increase in profit from selling one more unit when sales are at 10 units, solving P'(x)-0 gives max at unit. x-1200 units, max profit - $172,600, price = 300-0.02(1200)-$276 per