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The weekly marginal cost of producing x pairs of tennis shoes is given by the following...
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past...
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its demand equation is Q = 4100 – 25P. The company is currently producing 1,000 pairs of shoes weekly and is considering expanding its output to 1,200 pairs of shoes weekly. To do this, it will have...
Suppose that the cost of producing n pairs of shoes is given by the expression C(n)=30+5n....
Suppose that the cost of producing n pairs of shoes is given by the expression C(n)=30+5n. The average cost of producing a pair of shoes is given by A(n)=C(n)/n. What is the amount n for which the average cost 8? 10, 35, 5, 8, 7
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
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.
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
The average cost per hour in dollars of producing x riding lawn mowers is given by...
The average cost per hour in dollars of producing x riding lawn mowers is given by the following 2800 c(x) = 0 .7xf + 26-292 +- (a) Use a graphing utility to determine the number of riding lawn mowers to produce in order to minimize average cost. (b) What is the minimum average cost? lawn mowers are produced per hour (a) The average cost is minimized when approximately (Round to the nearest whole number as needed) (b) The minimum average...
Chartsworth is a shoe producing company and sells an excellent quality shoe. After production, the shoes...
Chartsworth is a shoe producing company and sells an excellent quality shoe. After production, the shoes are distributed to 20 warehouses around the country. Each warehouse services approximately 100 stores in its region. Chartsworth uses an EOQ model to determine the number of pairs of shoes to order for each warehouse from the factory. Annual demand for Warehouse OR2 is approximately 120 000 pairs of shoes. The ordering cost is R250 per order. The annual carrying cost of a pair...
The table below shows the weekly marginal cost (MC) and averagetotal cost (ATC) for Buddies,...
The table below shows the weekly marginal cost (MC) and average
total cost (ATC) for Buddies, a perfectly competitive firm that
produces novelty ear buds in a competitive market. The market price
of ear buds is $6.00 per pair.Buddies Production CostsQuantity of Ear BudsMCATC($)($)5-81025152.454.15203.5542544305.54.253564.5408.55Instructions: In part a, enter your answer as
the closest given whole number.a. If Buddies wants to maximize its profits, how many pairs of
ear buds should it produce?_______ pairsInstructions: In parts b-d, round your answers
to...
The following table shows the weekly demand and supply in the market for shoes in Houston.
6. Market equilibriumThe following table shows the weekly demand and supply in the market for shoes in Houston.Price (Dollars per pair of shoes)Quantity Demanded (Pairs of shoes)Quantity Supplied (Pairs of shoes)201,1002004090040060800500806009001005001,200On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (cross symbol) to indicate the equilibrium price and quantity in the market for shoes.
A clothing company determines that its marginal cost, in dollars per dress, is given by the...
A clothing company determines that its marginal cost, in dollars per dress, is given by the function below. The total cost of producing the first 200 dresses is $6800. Find the cost of producing the 201st through the 320th dress. 3 C'(x) = -25% +46, for xs 370 The total cost is $ (Round to the nearest dollar as needed.)
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
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.
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
The average cost per hour in dollars of producing x riding lawn mowers is given by the following 2800 c(x) = 0 .7xf + 26-292 +- (a) Use a graphing utility to determine the number of riding lawn mowers to produce in order to minimize average cost. (b) What is the minimum average cost? lawn mowers are produced per hour (a) The average cost is minimized when approximately (Round to the nearest whole number as needed) (b) The minimum average...
The table below shows the weekly marginal cost (MC) and average
total cost (ATC) for Buddies, a perfectly competitive firm that
produces novelty ear buds in a competitive market. The market price
of ear buds is $6.00 per pair.Buddies Production CostsQuantity of Ear BudsMCATC($)($)5-81025152.454.15203.5542544305.54.253564.5408.55Instructions: In part a, enter your answer as
the closest given whole number.a. If Buddies wants to maximize its profits, how many pairs of
ear buds should it produce?_______ pairsInstructions: In parts b-d, round your answers
to...
A clothing company determines that its marginal cost, in dollars per dress, is given by the function below. The total cost of producing the first 200 dresses is $6800. Find the cost of producing the 201st through the 320th dress. 3 C'(x) = -25% +46, for xs 370 The total cost is $ (Round to the nearest dollar as needed.)
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