The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C ( x , y ) = 30 + x 2 + 3 y + 2 x y , where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

Question

Want to see the full answer?

Answer 1

Question

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Problem 1: The mean hourly pay of an American Airlines flight attendant is normally distributed with a mean of 40 per hour and a standard deviation of 3.00 per hour. What is the probability that the hourly pay of a randomly selected flight attendant is: Between the mean and $45 per hour? More than $45 per hour? Less than $32 per hour? Problem 2: The mean of a normal probability distribution is 400 pounds. The standard deviation is 10 pounds. What is the area between 415 pounds and the mean of 400 pounds? What is the area between the mean and 395 pounds? What is the probability of randomly selecting a value less than 395 pounds? Problem 3: In New York State, the mean salary for high school teachers in 2022 was 81,410 with a standard deviation of 9,500. Only Alaska’s mean salary was higher. Assume New York’s state salaries follow a normal distribution. What percent of New York State high school teachers earn between 70,000 and 75,000? What percent of New York State high school…

For all integers a and b if a is congruent to 0(mod n) and b is congruent to 0(mod n) then a+b is congruent 0(mod n) DRAW A KNOW-SHOW TABLE:

Phase 1C: Question Writing and Approval Based on either your own discussion post or ideas sparked from what others mentioned, select two questions you’d like to answer by analyzing data from Census at School. You will need to select one question from the qualitative category, and one question from the quantitative category. Remember the intent of these questions is to make comparisons and analyze data to eventually make inferences about and possibly draw conclusions about the larger population. You should make notes as you gather your data on what things might be missing, what factors might be contributing to this data, and what questions you still have. Qualitative Only Options How are males and females similar or different in their favorite subjects in school? Quantitative Options Do the number of texts sent differ between freshmen and seniors in high school?

Answer 2

Question

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Answer 6

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

Answer 7

Chapter 14.3, Problem 7E

(a)

To determine

To calculate: The marginal cost with respect to x if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Interpret the answer.

Answer 8

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Answer 9

(b)

To determine

To calculate: The marginal cost with respect to y if 8 units of product X and 10 units of product Y are produced. The joint cost (in dollars) for two products is given by C(x,y)=30+x2+3y+2xy, where x represents the quantity of product X produced and y represents the quantity of product Y produced. Also, interpret the answer.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 13

Ch. 14.1 - CHECKPOINT 1. Find the domain of the function Ch. 14.1 - CHECKPOINT 2. (a) If . (b) If . Ch. 14.1 - Prob. 1E Ch. 14.1 - Prob. 2E Ch. 14.1 - Prob. 3E Ch. 14.1 - Prob. 4E Ch. 14.1 - Prob. 5E Ch. 14.1 - Prob. 6E Ch. 14.1 - Prob. 7E Ch. 14.1 - Prob. 8E

Solution Summary: The author calculates the marginal cost with respect to x, if 8 units of product X and 10 units are produced. The joint cost (in dollars) for two products is given by Cleft.

Concept explainers

Videos

Want to see the full answer?

Chapter 14 Solutions