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5 of 8 (0c This Question: 10 pts The marginal average cost of producing x digital...
The weekly marginal cost of producing x pairs of tennis shoes is given by the following...
The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in dollars. 200 x + 1 c'(x)=17+ If the fixed costs are $3,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x)=0 If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is...
A company determined that the marginal cost, C'(x) of producing the xth unit of a product...
A company determined that the marginal cost, C'(x) of producing the xth unit of a product is given by C'(x) = x2 - 6x. Find the total cost function C, assuming that C(x) is in dollars and that fixed costs are $3000. C(x) =
A note card company has found that the marginal cost per card of producing x note...
A note card company has found that the marginal cost per card of producing x note cards is given by the function below, where c'(x) is the marginal cost, in cents, per card. Find the total cost of producing 780 cards, disregarding any fixed costs. C'(x) = -0.03x + 74, for x s 1000 The total cost is cents
Marginal Average Cost for Producing Thermometers The management of ThermoMaster Company, whose Mexican subsidiary manufactures an...
Marginal Average Cost for Producing Thermometers The management of ThermoMaster Company, whose Mexican subsidiary manufactures an indoor-outdoor thermometer, has estimated that the total weekly cost (in dollars) for producing x thermometers is represented by the following function. Find the following functions (in dollars) and interpret your results. C(x) = 3,500 + 6x (a) Find the average cost function C. C(x) = (b) Find the marginal average cost function C '. C '(x) = interpret your results: o Since the marginal...
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs...
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs Output (Q) Fixed Costs Variable Costs Costs $500 $200 1 $800 2 $875 $75 3 $925 4 $100 5 $625 What is the total cost of producing five units of the good? $1,050 $1,025 $825 $1,000 $950
8. , which of the following statements is (are) correct? (x) The marginal cost of the...
8. , which of the following statements is (are) correct? (x) The marginal cost of the fifth unit equals the variable cost of five units minus the variable cost of four units (y) The variable cost of 50 units equals the average variable cost of 50 units times 50. (z) If marginal cost is rising, then average variable cost is rising if marginal cost exceeds average variable cost. A. (x), (y) and (z) B. (x) and (y) only C. (x)...
D Question 1 1 pts If the cost of a certain product is given by C(x)...
D Question 1 1 pts If the cost of a certain product is given by C(x) - 130.4x find the marginal average cost function and use it to compute the marginal average cost of production when 5 items are produced. Give answer rounded to two decimal places. (1 point) Question 2 1 pts Gluen y = [lx' +2x + 4)(x + 1)l' calculate the derivative of this function when x 2 The derivative is L? (1 point 1 pts Question...
2.If C(x) is the cost of producing x units of a commodity, then the average cost...
2.If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 24,000 + 290x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (c) Find...
The table below shows the cost of producing model vintage cars for collectors. Instructions: Enter your...
The table below shows the cost of producing model vintage cars for collectors. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Vintage Model Car Production Costs Output Total Fixed Cost (dollars) Total Variable Cost (dollars) Total Cost (dollars) Marginal Cost (dollars) 0 $1,000 $0 $1,000 — 1 1,000 600 1,600 $ 2 1,000 1,350 2,350 3 1,000 2,000 3,000 4 1,000 3,250 4,250 5 1,000 4,800 5,800 b. What is the...
6) If the average variable cost of producing 10 units is $18 and the average variable...
6) If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20, we know that, between 10 and 11 units of output, A) marginal cost is increasing. B) average total cost is increasing. C) average fixed cost is increasing. D) total cost is either increasing or decreasing. E) none of the above Use the figure below to answer the following questions. Price (dollars per inhaler) 10 7 4. 2...
The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in dollars. 200 x + 1 c'(x)=17+ If the fixed costs are $3,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x)=0 If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is...
A company determined that the marginal cost, C'(x) of producing the xth unit of a product is given by C'(x) = x2 - 6x. Find the total cost function C, assuming that C(x) is in dollars and that fixed costs are $3000. C(x) =
A note card company has found that the marginal cost per card of producing x note cards is given by the function below, where c'(x) is the marginal cost, in cents, per card. Find the total cost of producing 780 cards, disregarding any fixed costs. C'(x) = -0.03x + 74, for x s 1000 The total cost is cents
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs Output (Q) Fixed Costs Variable Costs Costs $500 $200 1 $800 2 $875 $75 3 $925 4 $100 5 $625 What is the total cost of producing five units of the good? $1,050 $1,025 $825 $1,000 $950
D Question 1 1 pts If the cost of a certain product is given by C(x) - 130.4x find the marginal average cost function and use it to compute the marginal average cost of production when 5 items are produced. Give answer rounded to two decimal places. (1 point) Question 2 1 pts Gluen y = [lx' +2x + 4)(x + 1)l' calculate the derivative of this function when x 2 The derivative is L? (1 point 1 pts Question...
6) If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20, we know that, between 10 and 11 units of output, A) marginal cost is increasing. B) average total cost is increasing. C) average fixed cost is increasing. D) total cost is either increasing or decreasing. E) none of the above Use the figure below to answer the following questions. Price (dollars per inhaler) 10 7 4. 2...
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