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Brigette Cole has a taco stand. She has found that her daily costs are approximated by...
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x?...
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x? - 40x+630, where Cix) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos should se to minimize her couts What is the minimum cost? The amber of units of tacon she thould sell to minimize her costs is The minimum cont is $ Enter your answer in each of the answer boxes Type here to...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for $5.75; and her daily fixed costs are $180. Let x-the number of tacos that are made and sold. Assume that all tacos that are made are also sold. A) The revenue is defined as the total money that customers paid. Write a function for R(x), the revenue from selling tacos. B) Write a function for C(x), the total cost of making x tacos: C)...
A manufacturer of office supplies has daily production costs of: C(x)= .5x^2 - 20x + 1600...
A manufacturer of office supplies has daily production costs
of:
C(x)= .5x^2 - 20x + 1600
where x is the number of units produced in thousands and C is
the cost in hundreds of dollars
Find the minimum daily production costs for the manufacturer
_______
4. A manufacturer of office supplies has daily production costs of: C(x) = .5x - 20x + 1600 where 'x' is the number of units produced in thousands and "C" is the cost in hundreds...
C(x)=3(×)+370 12. Cindy wants to make more profit on her cupcake stand so she hired a...
C(x)=3(×)+370
12. Cindy wants to make more profit on her cupcake stand so she hired a market analyst. The analyst determined that Cindy had accurately estimated her costs (see problem 11) and that her price- demand function is given by p(x) = 6.8 -0.0017 0 SX 3000 where x is the number of cupcakes produced and sold. a. Find the new revenue function for Cindy's cupcake stand. b. Find the new profit function for Cindy's cupcake stand and determine its...
Total Cost Analysis The manager of a rival T-shirt stand found that her cost to produce...
Total Cost Analysis The manager of a rival T-shirt stand found that her cost to produce 10 T- shirts is $112.67, while the cost to produce 40 T-shirts is $399.09. Assume the cost C(x) is a linear function of x, the number of T-shirts produced. Find the total cost of producing 100 T-shirts.(Round to 2 decimal places) Fixed Cost Analysis In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) ATC (dollars) MC (dollars) 10.00 $2.50 $5.00 $2.50 20.00 2.25 3.50 2.00 30.00 2.00 2.83 1.50 40.00 1.81 2.44 1.25 50.00 1.70 2.20 1.25 60.00 1.67 2.08 1.50 70.00 1.68 2.04 1.75 80.00 1.75 2.06 2.25 90.00 1.86 2.14 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 10.00 $2.50 20.00 2.25 30.00 2.00 40.00 1.81 50.00 1.70 60.00 1.67 70.00 1.68 80.00 1.75 90.00 ATC (dollars) $5.00 3.50 2.83 2.44 2.20 2.08 2.04 2.06 2.14 MC (dollars $2.50 2.00 1.50 1.25 1.25 1.50 1.75 2.25 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use the...
3. Listeners Paradise, a used CD store has daily fixed costs of $437 per day and...
3. Listeners Paradise, a used CD store has daily fixed costs of $437 per day and 40 CDs cost $557 to produce. The CD’s sell for $12.50 each. (a) Find an equation for the total daily cost, C(x) (b) Find an equation for the total daily revenue, R(x). (c) Find an equation for the profit function, P(x). (d) Find the number of CD’s that must be sold daily in order to break even.
Becky makes earrings and bracelets but finds out that she has not calculated the costs of...
Becky makes earrings and bracelets but finds out that she has not calculated the costs of the materials and finds that to know the costs and calculate an estimated budget she needs to figure out the following: For the earrings, you need 5 clear ornaments, 4 black ornaments, and ½ wire. For the bracelets, you need 10 clear ornaments and 3 black ornaments but you do not need wire. The costs of the earrings are 200 cents (per unit) and...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. MC (dollars) $2.50 5.00 Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 8.0 $5.00 0 11. 4 .55 13.0 4.62 14.8 4.75 16.3 4.91 17.7 5.10 18.9 5.29 5.51 ATC (dollars) $12.50 10.00 9.23 8.81 8. 59 8.50 8.47 8.52 6 .45 7.41 9.52 Instructions: In part a, round your answer to one decimal place. In part...
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x? - 40x+630, where Cix) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos should se to minimize her couts What is the minimum cost? The amber of units of tacon she thould sell to minimize her costs is The minimum cont is $ Enter your answer in each of the answer boxes Type here to...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for $5.75; and her daily fixed costs are $180. Let x-the number of tacos that are made and sold. Assume that all tacos that are made are also sold. A) The revenue is defined as the total money that customers paid. Write a function for R(x), the revenue from selling tacos. B) Write a function for C(x), the total cost of making x tacos: C)...
A manufacturer of office supplies has daily production costs
of:
C(x)= .5x^2 - 20x + 1600
where x is the number of units produced in thousands and C is
the cost in hundreds of dollars
Find the minimum daily production costs for the manufacturer
_______
4. A manufacturer of office supplies has daily production costs of: C(x) = .5x - 20x + 1600 where 'x' is the number of units produced in thousands and "C" is the cost in hundreds...
C(x)=3(×)+370
12. Cindy wants to make more profit on her cupcake stand so she hired a market analyst. The analyst determined that Cindy had accurately estimated her costs (see problem 11) and that her price- demand function is given by p(x) = 6.8 -0.0017 0 SX 3000 where x is the number of cupcakes produced and sold. a. Find the new revenue function for Cindy's cupcake stand. b. Find the new profit function for Cindy's cupcake stand and determine its...
Total Cost Analysis The manager of a rival T-shirt stand found that her cost to produce 10 T- shirts is $112.67, while the cost to produce 40 T-shirts is $399.09. Assume the cost C(x) is a linear function of x, the number of T-shirts produced. Find the total cost of producing 100 T-shirts.(Round to 2 decimal places) Fixed Cost Analysis In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 10.00 $2.50 20.00 2.25 30.00 2.00 40.00 1.81 50.00 1.70 60.00 1.67 70.00 1.68 80.00 1.75 90.00 ATC (dollars) $5.00 3.50 2.83 2.44 2.20 2.08 2.04 2.06 2.14 MC (dollars $2.50 2.00 1.50 1.25 1.25 1.50 1.75 2.25 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use the...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. MC (dollars) $2.50 5.00 Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 8.0 $5.00 0 11. 4 .55 13.0 4.62 14.8 4.75 16.3 4.91 17.7 5.10 18.9 5.29 5.51 ATC (dollars) $12.50 10.00 9.23 8.81 8. 59 8.50 8.47 8.52 6 .45 7.41 9.52 Instructions: In part a, round your answer to one decimal place. In part...
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