Chapter 4, Section 4.5, Question 021 The total cost C(q) of producing a goods is given...
(1 point) The total cost ?(?)C(q) of producing ?q goods is given by: ?(?)=0.01?3−0.6?2+14?C(q)=0.01q3−0.6q2+14q What is the fixed cost? fixed cost = dollars What is the maximum profit if each item is sold for 10 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.) maximum profit = dollars Suppose we fix production at 36 goods produced, and that they all sell when the price is 10 dollars each. Also suppose that for...
Chapter 4, Section 4.5, Question 010 The average cost of manufacturing a quantity of a good, is defined to be a(q) = Cla) 9 Suppose the average cost per item to produce q items is given by a (q) = 0.0172 – 0.69 + 13, for q> 0. (a) What is the total cost, C (9), of producing 9 goods? C(q) = Q (b) What is the minimum marginal cost? $ Number (c) At what production level is the average...
Chapter 15, Section 15.3, Question 037 A company manufactures x units of one item and y units of another. The total cost in dollars, C, of producing these two items is approximated by the function C = 5x² + 2xy + 3y2 + 800. (a) If the production quota for the total number of items (both types combined) is 33, find the minimum production cost. The minimum production cost is C = $ Number (b) Estimate the additional production cost...
Chapter 4, Section 4.5, Question 002 The figure below shows costs with 4 = 10,000 marked. 30,000 15,000 10,000 El Your answer is partially correct. Try again. (a) Find the average cost when the production level is 10,000 units Round your answer to two decimal places. is 11.95 The average cost when the production level is 10,000 units is S per unit which each unit's share of the total cost of producing 10,000 units the absolute tolerance is +/-0.05 (c)...
4. The average cost of producing q units of a good is the total cost of production C(q), divided by the total production q: AC(q) calculus by MC(g) = C"(a) = . Ca for q> 0 The marginal cost MC is given in terms of G dThe fired cost of production is C(0). Why is C(0) called the fized cost? What does it represent? a. b. If C(g) is continuous for q 2 0 and C(0)> 0, what is lim...
Chapter 4, Section 4.5, Question 016 Given an initial quantity 100 and a growth rate of 4% per unit time, give a formula for the quantity as a function of time, and find the value of the quantity at = 10. Enter exact answers for On). Round your answers for Q(10) to three decimal places (a) Assume the growth rate is not continuous (10) (b) Assume the growth rate is continuous ou - O/10) Click if you would like to...
4) The profit that a company earns in dollars is given by the function P(q) = -2q2 + 100q - 300 where q is the number of items that the company sells IN THOUSDANDS. Suppose that this company is ONLY capable of producing and selling 10 thousand items or fewer. (a) (4 points) Based on this mathematical model, what are the number of items this company needs to sell in order to break even? ROUND YOUR VALUE to the second...
Downloadable et signment Update Chapter 4, Section 4.5, Question 016 Given an quantity 150 and growth rate of 5% per unit time, give a formula for the quantity Enter exact answers for on. Round your answers for Q(10) to three decimal places. as a function of time and find the othe =10. (a) Assume the growth rate is not continuous (1) = 2 Edit (10) = (b) Assume the growth rate is continuous Q(1) = Edit (10) = Click if...
complete the following table by computing the total cost of producing each quantity. then compute the total revenue earned at each price level and the marginal revenue earned at each price Chi Analysis Questions (Ch 11) 7. Critical analysis 014 Suppose that you produce and sell children's tables in a local market. Past experience enables you to estimate your demand and marginal cost Schedules. This information is presented in the accompanying table. Complete the following table by computing the total...
Financial Mathematics Please answer question 4 and question 5 o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...