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Suppose the marginal cost is C'(x) = 0.24x² - 16.8x + 303 to produce x items....
The table shows the marginal cost C'(x), the marginal revenue R'(x) for producing x items. The...
The table shows the marginal cost C'(x), the marginal revenue R'(x) for producing x items. The third column, P'(x), is partially completed. All values are in dollars per item. (a) Complete the remaining entries in the third column. (b) What does the table tell you about the revenue function? (c) Find the production level that maximizes profit. P'(x) -21 O 43 NOT 64 10 43 43 40 16 43 70 43 43 90208143 43 - 165
The cost, in dollars, to produce units is C(q)-5200 300 d. Find the marginal cost to...
The cost, in dollars, to produce units is C(q)-5200 300 d. Find the marginal cost to produce the 400th unit. $ 30 per unit e. Find a formula for the average cost (a). 5200 a(9) 30 - (Type an expression using g as the variable) 9 1. Find the average cost of producing the 400th unit. $ 43 per unit g. Find lim ala) Tim (q)- 30 900 h. Interpret your answer to party. Choose the correct answer below. O...
3. The total cost for producing x items is given by C(x) = 3x2 + 15x...
3. The total cost for producing x items is given by C(x) = 3x2 + 15x + 75. a. 8 pts How many items must be produced to minimize average cost? Show all work, including verifying that the value you found corresponds to a minimum. Answers from a graph or calculator will not receive full credit. b. 2 pts What is the minumum average cost (include units)? c. 6 pts What is the marginal cost at the production level you...
Like for correct answer Cost, revenue, and profit are in dollars and x is the number of units Suppose that the marginal revenue for a product is MR 2400 and the marginal cest is C: 60y4, wth a fni...
Like for correct answer
Cost, revenue, and profit are in dollars and x is the number of units Suppose that the marginal revenue for a product is MR 2400 and the marginal cest is C: 60y4, wth a fnixed cost ef $00 Govx4, with a fixed cast or $300. (a) Find the profit or loss from the production and sale of S units There is aSelect (b) How many units will result in a maximum proft? units
Cost, revenue, and...
Find the change in cost C for the given marginal. Assume that the number of units...
Find the change in cost C for the given marginal. Assume that the number of units x increases by 5 from the specified value of x. (Round your answer to two decimal places.) Marginal Number of Units, x dC dx 26,000 x2 X = 12 $
6x² + c 60x A company has found that the marginal cost (in thousands of dollars)...
6x² + c 60x A company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C'(x) = where x is the number of units produced (a) Find the cost function, given that the company incurs a fixed cost of $15,000 even if no units are built. (b) The company will seek a new source of investment income if the cost is more than $19,000 to produce 5 units. Should they seek...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.)...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope C-intercept (b) What is the marginal cost MC ? MC= What does the marginal cost mean? Each additional unit produced costs this much (in dollars). If production is increased by this many units, the cost decreases by $1. Each additional unit produced reduces the cost by this much (in dollars). If production is increased...
Show your work. Clearly identify your answer. Justify every step. 1. (5 points) C(x) = 0.0123...
Show your work. Clearly identify your answer. Justify every step. 1. (5 points) C(x) = 0.0123 - 1.222 +53x gives the cost, in thousands of dollars, to produce u thousand items. (a) Find a formula for the marginal cost. (b) Find and simplify C'(2). What does this number represent? Include units in the description. 2. (5 points) Let f(t) be the temperature of a cup of coffee t minutes after it has been poured. Interpret f(4) = 120 and f'(4)...
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 20,000 + 500x.
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 20,000 + 500x. (A) Find the average cost per unit if 50 frames are produced. (B) Find the marginal average cost at a production level of 50 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 51 frames are produced. (A) If 50 frames are produced, the average cost is $_______ per frame. (B) The marginal average cost at a production level...
11. Marginal and Average Cost: iPhones Assume that it costs Apple approximately A-Z C () 400,000+...
11. Marginal and Average Cost: iPhones Assume that it costs Apple approximately A-Z C () 400,000+160z + 0.001z2 dollars to manufacture 32GB iPhone 6's in an hour at the Foxconn Technology Group a. Find the marginal cost function, and use it to estimate how fast the cost is increasing when 10,000. Compare this with the exact cost of producing the 10,001st iPhone. Answer b. Find the average cost function C and the average cost to produce the first 10,000 iPhones....
The table shows the marginal cost C'(x), the marginal revenue R'(x) for producing x items. The third column, P'(x), is partially completed. All values are in dollars per item. (a) Complete the remaining entries in the third column. (b) What does the table tell you about the revenue function? (c) Find the production level that maximizes profit. P'(x) -21 O 43 NOT 64 10 43 43 40 16 43 70 43 43 90208143 43 - 165
The cost, in dollars, to produce units is C(q)-5200 300 d. Find the marginal cost to produce the 400th unit. $ 30 per unit e. Find a formula for the average cost (a). 5200 a(9) 30 - (Type an expression using g as the variable) 9 1. Find the average cost of producing the 400th unit. $ 43 per unit g. Find lim ala) Tim (q)- 30 900 h. Interpret your answer to party. Choose the correct answer below. O...
3. The total cost for producing x items is given by C(x) = 3x2 + 15x + 75. a. 8 pts How many items must be produced to minimize average cost? Show all work, including verifying that the value you found corresponds to a minimum. Answers from a graph or calculator will not receive full credit. b. 2 pts What is the minumum average cost (include units)? c. 6 pts What is the marginal cost at the production level you...
Like for correct answer
Cost, revenue, and profit are in dollars and x is the number of units Suppose that the marginal revenue for a product is MR 2400 and the marginal cest is C: 60y4, wth a fnixed cost ef $00 Govx4, with a fixed cast or $300. (a) Find the profit or loss from the production and sale of S units There is aSelect (b) How many units will result in a maximum proft? units
Cost, revenue, and...
Find the change in cost C for the given marginal. Assume that the number of units x increases by 5 from the specified value of x. (Round your answer to two decimal places.) Marginal Number of Units, x dC dx 26,000 x2 X = 12 $
6x² + c 60x A company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C'(x) = where x is the number of units produced (a) Find the cost function, given that the company incurs a fixed cost of $15,000 even if no units are built. (b) The company will seek a new source of investment income if the cost is more than $19,000 to produce 5 units. Should they seek...
Show your work. Clearly identify your answer. Justify every step. 1. (5 points) C(x) = 0.0123 - 1.222 +53x gives the cost, in thousands of dollars, to produce u thousand items. (a) Find a formula for the marginal cost. (b) Find and simplify C'(2). What does this number represent? Include units in the description. 2. (5 points) Let f(t) be the temperature of a cup of coffee t minutes after it has been poured. Interpret f(4) = 120 and f'(4)...
11. Marginal and Average Cost: iPhones Assume that it costs Apple approximately A-Z C () 400,000+160z + 0.001z2 dollars to manufacture 32GB iPhone 6's in an hour at the Foxconn Technology Group a. Find the marginal cost function, and use it to estimate how fast the cost is increasing when 10,000. Compare this with the exact cost of producing the 10,001st iPhone. Answer b. Find the average cost function C and the average cost to produce the first 10,000 iPhones....
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