A company determined that the marginal cost, C'(x) of producing the xth unit of a product...
A note card company has found that the marginal cost per card of producing x note cards is given by the function below, where c'(x) is the marginal cost, in cents, per card. Find the total cost of producing 780 cards, disregarding any fixed costs. C'(x) = -0.03x + 74, for x s 1000 The total cost is cents
Marginal Average Cost for Producing Thermometers The management of ThermoMaster Company, whose Mexican subsidiary manufactures an indoor-outdoor thermometer, has estimated that the total weekly cost (in dollars) for producing x thermometers is represented by the following function. Find the following functions (in dollars) and interpret your results. C(x) = 3,500 + 6x (a) Find the average cost function C. C(x) = (b) Find the marginal average cost function C '. C '(x) = interpret your results: o Since the marginal...
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.
The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in dollars. 200 x + 1 c'(x)=17+ If the fixed costs are $3,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x)=0 If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is...
6x² + c 60x A company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C'(x) = where x is the number of units produced (a) Find the cost function, given that the company incurs a fixed cost of $15,000 even if no units are built. (b) The company will seek a new source of investment income if the cost is more than $19,000 to produce 5 units. Should they seek...
need work for the question $ The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the 50th product is $6.20, cost $6.20 to increase production from 49 to 50 units of output. Suppose the marginal cost C (in dollars) to produce x thousand mp3 players is given by the function C(x) = x2 - 100x + 8700. A. How many players...
Please include any formulas/rules used to get answer The marginal cost function, in dollars per item, for producing the xth item of a certain Example 1 brand of skateboard is given by MC(x) = 84-0.9x + 0.008x2,0sx< 200. Use a definite integral to find the total variable cost of producing 100 skateboards. C)X Ungsinob snimoisd (
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...
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal...