15) The total cost (in dollars) to produce q units of a good is given by the function:
C(q)=8q+58000
Answer the following.
(A) What is the total cost to produce 6,000 units?
Cost = $
(B) How many units can be produced with a total of $98,800?
Answer =
17) The function graphed below has:
Positive derivative on the interval(s) =
Negative derivative on the interval(s) =
15) The total cost (in dollars) to produce q units of a good is given by...
1. The total cost to manufacture and sell q cars is given by the cost equation C(q)=2000+59 The revenue equation is R(q)= 40q-0.050 dollars for the sale of q exactotherms. Assume the profit is P(q) = R(q) - C(q). a. Find the marginal cost. b. Find the marginal revenue. c. What is the profit equation? P(q) = 2. a. Find the number of items q to sell so that the profit function P(q) has its maximum Confirm that you answer...
4. The average cost of producing q units of a good is the total cost of production C(q), divided by the total production q: AC(q) calculus by MC(g) = C"(a) = . Ca for q> 0 The marginal cost MC is given in terms of G dThe fired cost of production is C(0). Why is C(0) called the fized cost? What does it represent? a. b. If C(g) is continuous for q 2 0 and C(0)> 0, what is lim...
The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2, where C is measured in dollars. For both functions, the input x is the number of units produced and sold. a. Form the profit function for this product from the two given functions. b. What is the profit when 25 units are produced and sold? c. What is the profit when 43 units are produced...
Universal Gadgets (UG) is a firm with the cost function is given by C(q) = 20 + 50q − 3q^2 + 0.1q^3 where q is the total quantity produced by the firm. Assume from now on that UG is a profit-maximizing, perfectly competitive firm operating in a market with the market price p (p>0). Write down the optimization problem of UG. Write down the first order condition(s). Do not solve it/them yet! Use the first order condition(s) and the Implicit...
14. The total cost (in hundreds of dollars) to produce x units of a product is C(x) = 2x=1 Answer parts (i) and (ii) below. (1) Find C'(x), the marginal cost function. -20 20 (A) C'(x) = 2 (B) C'(x)=- (C) C'(x) = -247-8 (6x + 7)? (6x+7) m) C'()= 6*7*®C()=
A firm that can produce 15 units at a total cost of $200 or 18 units at $260 has a marginal cost of the eighteenth unit equal to a. $20 b. $60 c. 3 units d. $14.44
The production function is q=L0.6K 0.4 . The company must produce 15 units. The cost of capital is $10, and the cost of labor is $5. Using the Lagrangian multiplier, calculate the combination of labor and capital, K* and L*, where you can minimize the cost of producing 15 units.
Suppose that the total cost in dollars of manufacturing q units is C(q) = 3 + + 500. Let A be the cost producing 41 unit we find by using marginal ansalysis and B be the actual cost producing 41". Then A - B is: Select one: a. O o b.-3 OC. 3 Od. 6 e. - 6
Find the total cost function Code) (in thousands of dollars) if the marginal cost in thousands of dollars per unit) at a production level of units is c')= 0X54) and food costs are $10.000 (0)=10) Which of the following explains how to find the total cost function if the marginal costat a production level of units is c )? To find the total cost function, evaluate the indefinite integral of the marginal cost and apply the initial conditions (0) 10)....
Suppose a firm has a long run average total cost function given by: ATC= (3200/Q) + 10 + 8Q. The demand for this product is given by: QD= 2900-8P Determine the optimal firm size. 20 units -answer Calculate the long run number of firms.13 firms - answer (answers are given, please show steps as to how to get there)