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It costs $4201 to produce 1295 items and it costs $4241 to produce 1305 items. What...
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs...
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs $4465 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer The marginal cost is approximately 5 per item Click if you would like to Show Work for this questions Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER
A manufacturing process costs RM6,500 to set up for one year’s use. If items cost RM85...
A manufacturing process costs RM6,500 to set up for one year’s use. If items cost RM85 each to produce and other costs amount to 3.5x^2, where x is the production in hundreds, find the level of production that will minimise the cost per item over the year. What will the total cost amount to at this level of production ?
The cost of producing q items is C(q) = 2500+ 18q dollars. (a) What is 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.
A company needs 50,000 items during a year. It costs $1000 to set up each production...
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
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....
Previous Problem List Next (1 point) In a certain factory, the cost to produce q items...
Previous Problem List Next (1 point) In a certain factory, the cost to produce q items during a single production run is estimated to be C(q) = 50q+0.005q² + 1000 (dollars). The factory utilizes 12-hour production runs and it is estimated that the number of units that can be produced in the first t hours of a production run is given by: 300+ if 0 <t<4 g(t) = 260t + 160 if 4 < t < 8 292t - 2+2...
Suppose the marginal cost is C'(x) = 0.24x² - 16.8x + 303 to produce x items....
Suppose the marginal cost is C'(x) = 0.24x² - 16.8x + 303 to produce x items. Complete parts a through c. (a) Use a graph or a table on a calculator to find the coordinates of the vertex of C'(x). The vertex is (35,9). (Type an ordered pair.) (b) What do the coordinates represent in terms of production costs? The cost to increase production from to units is approximately dollars. 36 (c) Find C'(x) dx and interpret what the quantity...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production costs $10 per item, an...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production costs $10 per item, and we can make a maximum of 400 items in a given month in regular time. Overtime production costs $16 per item, and as many as 200 items may be produced in overtime each month (in addition to the regular time production). Keeping an item in inventory incurs a cost of $1 per period; backorders cost $3 per period per...
A factory produces 2 types of goods, namely goods X and Y. To produce an item...
A factory produces 2 types of goods, namely goods X and Y. To produce an item X requires production costs XA2 1200 and for item Y requires a cost of Зул2 + 800. If the factory receives an order of 1200 items per day, for both types of goods X and Y per day. How many items X and Y must be produced to minimize production costs per day. Complete with the Lagrange multiplied method.
The estimated unit costs for a company to produce and sell a product at a level...
The estimated unit costs for a company to produce and sell a product at a level of 13,600 units per month are a Cost Item Estimated Unit Cost $ 35 Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit?
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs $4465 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer The marginal cost is approximately 5 per item Click if you would like to Show Work for this questions Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER
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.
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
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....
Previous Problem List Next (1 point) In a certain factory, the cost to produce q items during a single production run is estimated to be C(q) = 50q+0.005q² + 1000 (dollars). The factory utilizes 12-hour production runs and it is estimated that the number of units that can be produced in the first t hours of a production run is given by: 300+ if 0 <t<4 g(t) = 260t + 160 if 4 < t < 8 292t - 2+2...
Suppose the marginal cost is C'(x) = 0.24x² - 16.8x + 303 to produce x items. Complete parts a through c. (a) Use a graph or a table on a calculator to find the coordinates of the vertex of C'(x). The vertex is (35,9). (Type an ordered pair.) (b) What do the coordinates represent in terms of production costs? The cost to increase production from to units is approximately dollars. 36 (c) Find C'(x) dx and interpret what the quantity...
A factory produces 2 types of goods, namely goods X and Y. To produce an item X requires production costs XA2 1200 and for item Y requires a cost of Зул2 + 800. If the factory receives an order of 1200 items per day, for both types of goods X and Y per day. How many items X and Y must be produced to minimize production costs per day. Complete with the Lagrange multiplied method.
The estimated unit costs for a company to produce and sell a product at a level of 13,600 units per month are a Cost Item Estimated Unit Cost $ 35 Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit?
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