The cost of producing a units of stuffed alligator toys is C(x) = 0.0042? + 92...
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...
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...
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.001 x cubed plus 0.07x squared + 18x + 7000 and currently 90 chairs are produced monthly. a) What is the current monthly cost? b) What would be the additional cost of increasing production to 92 chairs monthly? c) What is the marginal cost when x=90? d) Use the marginal cost to estimate the difference in cost between producing 90 and 92 chairs per month e) Use the...
The cost of producing q items is C(q) = 2500+ 18q dollars. (a) What is the marginal cost of producing the 100th item? the 1000th item? The marginal cost to produce the 100th unit is $ The marginal cost to produce the 1000th unit is $ (b) What is the average cost of producing 100 items? 1000 items? The average cost of producing 100 units is $ per unit. The average cost of producing 1000 units is $ per unit.
Exercise 8-5 (Part Level Submission (Video) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 491,000 units. Per Unit Total $6 $13 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $3,437,000 $16 $1,473,000 The company has a desired ROI of 25%. It has invested assets of $29,460,000. (a) Compute the total...
If the total cost function for producing x lamps is C(x) = 3920 + 36x + 0.8x? dollars, producing how many units, x, will result in a minimum average cost per unit? X units Find the minimum average cost per unit. $
If the total cost function for producing x lamps is C(x) = 90 + 34x + 0.1x2 dollars, producing how many units, x, will result in a minimum average cost per unit? units Find the minimum average cost per unit. $
C(x) is the total cost of producing x units of a particular commodity. Assume C(x) is in dollars. Use marginal cost to estimate the cost of producing the 4 st unit. What is the actual and estimated cost of producing the 4 st unit? 6) C(x) = 2x2 + 3x + 62 6) A) estimated cost = $11.00; B) estimated cost = $11.00; actual cost = $10.80 actual cost - $11.20 C) estimated cost = $10.80; D) estimated cost-$11.20; actual...
A manufacturer estimates that the marginal cost of producing a units of a certain commodity is C'(q) =9q2 +62 - 37 dollars per unit. If the cost of producing 7 units is $5,000, what is the cost of producing 20 units? The cost of producing 20 units is $
15) The cost of producing x units of a commodity per week is C(x) = 0.2x3 - 18x2 + 32x +200 Find all values of x where C"(x) - 0. How are these levels of production related to the graph of the marginal cost? A) X= 3. It corresponds to a maximum on the graph of C'(x). B) x - 30. It corresponds to a point of inflection on the graph of C'(x). C)x= 30. It corresponds to a minimum...