4. (10 points) A company's marginal cost function is C'(x) = 3.22 – 2x + 10...
only number 5 Write an expression of the marginal cost function MC. Estimate the effect on TC about by 2 units decrease in from the current output level of 15 units. 5) A firm's short-run production function is given by Q = 50L -.0212 Where L denotes the number of workers. 1. Find the size of the workforce that maximizes output. 2. Find marginal product of labor (MPL) 3. Find the average product of labor (APL) 4. Find the size...
Solve the problem. Rejoyne Inc. has a marginal-profit function given by P'(x) = -2x + 140, where P'(x) is in dollars per unit. This means that the rate of change of total profit with respect to the number of units produced, x, is P'(x). Find the total profit from the production and sale of the first 30 units. O $110 O $6600 $3300 $80
Bus Econ 13.5.69 Question Help A company manufactures mountain bikes. The research department produced the marginal cost function C(x)-500-งิ 0sxs900 where C(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a production level of 600 bikes per month to 900 bikes per month. Set up a definite integral and evaluate it. The increase in cost is s Bus Econ 13.5.81 := Question Help Given the supply function p=S(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...
3. The revenue function for a sound system is R(x) = 200x - x? dollars where x denotes the number of units sold. (a) What is the expression that gives marginal revenue? Solution: R(x) = 200x – x2 Expression that gives marginal revenue is R(x) = 200 – 2x. (b) What is the marginal revenue if 50 units are sold? Solution: 200 – 2(50) = 100
tagsautosave question2304213 0 11. -POINTS TANAPCALC9 6.4.041. MY NOTES A division of Ditton Industries manufactures a deluxe toaster oven Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by CYx) = 0.00062 -0.12+ 20 where c'ex) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fed cost incurred in the production is $800. (a) Find the total cost incurred by...
Please solve all of them. 7. The revenue function for a product is given by 60x2 R(x) = 2x+1 a. Find the marginal revenue function The price of a product in a competitive market is $300. The cost per unit of producing the product is 160 + 0.1% dollars, where x is the number of units produced per month a. Find the marginal cost function. b. Find the marginal revenue function b. Find MR(100) and interpret your results. c. Find...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from the production of x units of computer chips per day, where each unit consists of 100 chips. =X (a) Represent the following statement by equations involving R or R': When 1200 chips are produced per day, the rev- enue is $22,000 and the marginal revenue is $.75 per chip. (b) If the marginal cost of producing 1200 chips is $1.5 per chip, what is...
C '(x) = 0.0003x2 − 0.18x + 21where C '(x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day.(b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?