12. The marginal cost for a company to produce q items is given by MC(q) = 0.005q ^2-0.7q+625. The company's fixed costs are $8300 The cost at a production level of 10 items is $ 13. The marginal cost for a company to produce q items is given by MC(q) = 0.004q^2-0.6q+615. The company's fixed costs are $8200 The marginal cost of producing 110 items is $ per item 14. The marginal cost for a company to produce q items is given by MC(q) = 0.002q^2-0.9q +625. The company's fixed costs are $8000. The cost to increase production from a production level of 340 items to a production level of 510 items is S
12. The marginal cost for a company to produce q items is given by MC(q) = 0.005q ^2-0.7q+625. The company's fixed costs are $8300 The cost at a production level of 10 items is $ 13. The marginal cost for a company to produce q items is given by MC(q) = 0.004q^2-0.6q+615. The company's fixed costs are $8200 The marginal cost of producing 110 items is $ per item 14. The marginal cost for a company to produce q items is given by MC(q) = 0.002q^2-0.9q +625. The company's fixed costs are $8000. The cost to increase production from a production level of 340 items to a production level of 510 items is S
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 4CQQ
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![12. The marginal cost for a company to produce q items is given by MC(q) = 0.005q ^2-0.7q+625. The company's
fixed costs are $8300 The cost at a production level of 10 items is $ 13. The marginal cost for a company to produce q
items is given by MC(q) = 0.004q^2-0.6q+615. The company's fixed costs are $8200 The marginal cost of producing
110 items is $ per item 14. The marginal cost for a company to produce q items is given by MC(q) = 0.002q^2-0.9q
+625. The company's fixed costs are $8000. The cost to increase production from a production level of 340 items to a
production level of 510 items is S](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc780c603-d813-465e-aacf-250882005140%2Fb3a3db0a-0240-4e5e-99f6-1233de554455%2F2945z4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12. The marginal cost for a company to produce q items is given by MC(q) = 0.005q ^2-0.7q+625. The company's
fixed costs are $8300 The cost at a production level of 10 items is $ 13. The marginal cost for a company to produce q
items is given by MC(q) = 0.004q^2-0.6q+615. The company's fixed costs are $8200 The marginal cost of producing
110 items is $ per item 14. The marginal cost for a company to produce q items is given by MC(q) = 0.002q^2-0.9q
+625. The company's fixed costs are $8000. The cost to increase production from a production level of 340 items to a
production level of 510 items is S
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