Homework Answers
Add Answer to:
> Question 2 10 pts The total cost to produce x hand crafted weather vanesis:C (3)...
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...
Question 1 1 pts A business owner makes 50 items by hand in 10 hours. She...
Question 1 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item sells for $5 and the explicit costs total $80, economic profit for 50 items is: O $50 O $170 $100 O $250 Question 2 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item...
D Question 1 1 pts If the cost of a certain product is given by C(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 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...
Question 2 2/2 pts Assume the following cost and revenue data represent your perfectly competitive firm....
Question 2 2/2 pts Assume the following cost and revenue data represent your perfectly competitive firm. In order to maximize profits in the short run, you should: Output Price Marginal Cost 2 3 4 5 $100 $100 $100 $100 $100 $100 $100 Total Fixed Costs $20 $20 $20 $20 $20 $20 $20 Total Variable Total Cost Costs $0 $20 $50 $70 $90 $110 $150 $170 $230 $250 $350 $370 $550 $570 na $50 $40 $60 $80 $120 $200 Shut down...
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) Fi...
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...
5 of 8 (0c This Question: 10 pts The marginal average cost of producing x digital...
5 of 8 (0c This Question: 10 pts The marginal average cost of producing x digital sports watches is given by the function C(x), where С(x) is the average cost in dollars 1,000 で(x)=- Find the average cost function and the cost function. What are the fixed costs? The average cost function is □ The cost function is cw- The fixed costs are C(100)-20 Enter your answer in each of the answer boxes.
4x-5 2x+3 Find the average cost for each of the following production levels. The total cost...
4x-5 2x+3 Find the average cost for each of the following production levels. The total cost (in hundreds of dollars) to produce x units of a product is C(x) a. 10 units b. x units c. Find the marginal average cost function. The average cost for 10 units is $ per unit. (Round to the nearest hundredth as needed.) The average cost for x units is hundred dollars per unit. The marginal average cost function is c'x)=
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the...
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in dollars) of producing X bits is the cost function ... C(X) = 1600 +0.2X2 where X is the number of bits produced and $1600 is the daily fixed cost and $0.2X is the variable cost per unit. The manager has set a production goal to produce the number of bits per day which...
2) Suppose that there are there are two different short run total cost curves that are...
2) Suppose that there are there are two different short run total cost curves that are available to a firm depending on the level of capital it selects, SRTC (Q=3Q for all Q20 and SRTC2(Q= 100+ for all Q20. a) Derive the long run total cost curve of this firm from this short run cost information. b) Find the long run marginal cost when Q=10 and the long run marginal cost when (-100. 10 pts
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...
Question 1 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item sells for $5 and the explicit costs total $80, economic profit for 50 items is: O $50 O $170 $100 O $250 Question 2 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item...
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 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...
Question 2 2/2 pts Assume the following cost and revenue data represent your perfectly competitive firm. In order to maximize profits in the short run, you should: Output Price Marginal Cost 2 3 4 5 $100 $100 $100 $100 $100 $100 $100 Total Fixed Costs $20 $20 $20 $20 $20 $20 $20 Total Variable Total Cost Costs $0 $20 $50 $70 $90 $110 $150 $170 $230 $250 $350 $370 $550 $570 na $50 $40 $60 $80 $120 $200 Shut down...
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...
5 of 8 (0c This Question: 10 pts The marginal average cost of producing x digital sports watches is given by the function C(x), where С(x) is the average cost in dollars 1,000 で(x)=- Find the average cost function and the cost function. What are the fixed costs? The average cost function is □ The cost function is cw- The fixed costs are C(100)-20 Enter your answer in each of the answer boxes.
4x-5 2x+3 Find the average cost for each of the following production levels. The total cost (in hundreds of dollars) to produce x units of a product is C(x) a. 10 units b. x units c. Find the marginal average cost function. The average cost for 10 units is $ per unit. (Round to the nearest hundredth as needed.) The average cost for x units is hundred dollars per unit. The marginal average cost function is c'x)=
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in dollars) of producing X bits is the cost function ... C(X) = 1600 +0.2X2 where X is the number of bits produced and $1600 is the daily fixed cost and $0.2X is the variable cost per unit. The manager has set a production goal to produce the number of bits per day which...
2) Suppose that there are there are two different short run total cost curves that are available to a firm depending on the level of capital it selects, SRTC (Q=3Q for all Q20 and SRTC2(Q= 100+ for all Q20. a) Derive the long run total cost curve of this firm from this short run cost information. b) Find the long run marginal cost when Q=10 and the long run marginal cost when (-100. 10 pts
Most questions answered within 3 hours.
-
Suppose you fell into an accretion disc that swept you into a
supermassive black hole. On...
asked 4 minutes ago -
An automobile travels on a straight road for 40 km at 45 km/h.
It then continues...
asked 12 minutes ago -
1)
A student sitting on a chair on a circular platform of
negligible mass rotates freely...
asked 24 minutes ago -
Bird Enterprises has no debt. Its current total value is $47.2
million. Assume the company sells...
asked 26 minutes ago -
5. What is span of control? List three factors that may affect
span of control.
6....
asked 31 minutes ago -
How can you visualize anthranilic acid on TLC plates? How can
you visualize carboxylic acids on...
asked 30 minutes ago -
Scenario:
Anytown FD is a combination department with one station. Its
district is surrounded by four...
asked 42 minutes ago -
5. Ethics deals with the moral quality, fitness, or propriety of
a course of action that...
asked 44 minutes ago -
Single Plantwide Factory Overhead Rate
Kennedy Appliance Inc.’s Machining Department incurred $102,900
of factory overhead cost...
asked 46 minutes ago -
Two particles with charges +4e and -7e are
initially very far apart (effectively an infinite distance...
asked 58 minutes ago -
Holding all else constant, when teams face a binding roster
limit, the salary of players is...
asked 1 hour ago -
1. When can parametric and non-parametric statistical tests be
used?
A. Parametric?
The independent variable is...
asked 1 hour ago