3. In the manufacture of a product, fixed costs per week are Tk. 4000. If the marginal cost function is MC = 0.00000(0.002q² – 25q) +0.2; where c is the total cost of producing q pounds of product per week, find the cost of producing 10,000 lb in 1 week.

Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…

A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

Q: Suppose that the cost function for a commodity is (x) = 90 + x? dollars. (a) Find the marginal cost…

A: Answer to the question is as follows :

Q: A firm faces the following costs: total cost of capital = $4,000; price paid for labor = $20 per…

A: Given : Total fixed cost = $4000 Price paid for labour= $20 per unit  price paid for raw materials=…

Q: On the side, the marginal cost (MC) function of a firm is given. As it is known that the fixed cost…

A: Marginal cost is the additional cost a firm incurs when he increases the production by 1 more unit.…

Q: The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The average cost per…

A: Answer - Given in the question - TC = $1,000 + $6X Here  TC = Total cost  X is no. of widget  Need…

Q: Adam operates a factory that produces beach towels. His current level of output equals 1000 towels…

A: Average total cost is referred to as the sum total of all production costs divided by the total…

Q: Cost, Revenue & Profit For these problems, xx will represent the number of items and yy will…

A: Slope intercept form: Y=AX + B

Q: If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is…

A:

Q: Suppose that the cost function for a commodity is C(x) = 40 + x2 dollars. %3D (a) Find the marginal…

A: Given Information: cost function: C(x) = 40 + x2   * The marginal cost of a commodity is the cost of…

Q: 1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000.…

A: TVC = TC - TFC = 4,000 - 2,000 = $2,000

Q: A manufacturing plant that makes boomerangs has a fixed cost of $500/day and a variable cost of…

A: Given Data,  Fixed cost of $500/day. variable cost of $40/hr.

Q: A company's cost function is given as:  TC=25+30Q+0.2Q^2   What is the equation for the company's…

A: In the short run, a firm incurs two types of cost: fixed cost and variable cost. Fixed cost (FC):…

Q: Adam operates a factory that produces beach towels. His current level of output equals 2000 towels…

A: Fixed costs incorporate quite a few costs, including rental rent installments, compensations,…

Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…

A: TC1 = 10q - 4q2 + q3  AC1 = TC1/q AC = 10 - 4q + q2 Average cost will be minimum when it's…

Q: 9. For the cost function C(Q) = 100 + 20 - 302, the marginal cost of producing 2 units of output is…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: A company is planning to manufacture mountain bikes. The fixed monthly cost will be S100,000 and it…

A: Given that fixed monthly cost for manufacturing mountain bikes is $100,000. Cost of each bicycle is…

Q: Question A5 For a particular product, Marginal Cost (MC) = Q + 5. Find an expression for Total Cost…

A: "Marginal cost is addition to the total cost when more unit of output is produced and it is obtained…

Q: C(Q) = 100 + 20Q + 15Q2 + 10Q3 Based on the cost function, determine: The fixed cost of…

A: Total cost = Fixed cost + Variable cost Fixed cost is that which are not depend on level of output.…

Q: Consider the total cost function, TC = 25 + 6Q - 5Q^2 + 6Q^3 Find the marginal cost if firm want to…

A: Marginal cost is nothing but the cost incurred to the firm when they want to produce additional unit…

Q: If each unit of labour costs $25 and the cost of capital is fixed at $100, then the average variable…

A: Average variable cost(AVC) is the variable cost per unit.

Q: For this cost function, Marginal Cost = MC = 10 q . (45) Fill in the table with your values from…

A: MC(marginal cost) is the slope of TC(total cost). TC is the sum of TVC(total variable cost) and…

Q: A firm is producing 20 units with an average total cost of $25 and marginal cost of $15. If it were…

A: Costs are the expenses that firms have to incur in all of their production activities.

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: The isoquant line shows the different combinations of factors of production required to produce a…

Q: C(Q) = 100 + 20Q + 15Q2 + 10Q3 Based on the cost function, determine: The average fixed cost of…

A:

Q: 25) If a firm has the cost function C(q) = 5q² + 20q + 180 and the marginal cost function MC(q) =…

A: average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: Suppose a firm produces 20 unit of output per month and has a total variable cost of R3000 per…

A: Here, given information is: Total output produced= 20 units Total variable cost per month= R3000…

Q: When a firm produces one unit, the variable cost is $3. When the firm produces  two units, the…

A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…

Q: A factory that you are managing has an hourly production process that can be represented by the…

A: Answer -

Q: 1. If the average cost of a plant to produce a "q" unit is explained by the functions below this: C…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: 2.) If the total cost function is given by C(q) = -0.00002q? + 6.5q + 5400, find the marginal cost…

A: Answer to the question is as follows:

Q: Given the cost function ,  TC = 4q2 + 9 - calculte marginal cost ?

A: Marginal cost is the cost incurred when producing one additional output.

Q: Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase…

A: Marginal cost is the change in the total cost due to the increment in quantity produced by one…

Q: 14. The research department of Acme, Inc. has determined the marginal cost function for one…

A: The marginal cost of production refers to the incremental cost incurred in the production of an…

Q: When a firm produces one unit, the variable cost is $3. When the firm produces two units, the…

A: The variable cost of the first unit = $3 The variable cost of the two units = $6

Q: The marginal cost function of a company is given by MC = 5 + x, and the cost of %3D producing 2…

A: Marginal cost function; MC= 5+x Cost of producing 2 unit = 712 OMR Cost function of the company:-…

Q: 3] Let the total cost function be C(x) =x² + 4x + 12 $. Answer the following questions. a. Find the…

A: TC = 1/9x2 +4x+12

Q: c) If the total cost of a product is TC = 45 + 5Q − 2Q 2 + 2Q 3 , Find i) Marginal cost function at…

A: Total cost is the cost that includes fixed cost as well as the variable cost of the production…

Q: A firm faces the following costs: total cost of capital = $4,000; price paid for labor = $20 per…

A: Total cost before improvement = 4000 + (20*200) + (500*8) = 4000 + 4000 + 4000 = $ 12000

Q: The total cost function of firm is TC = 60 + 6q. If the firm produce 10 units per day then calculate…

A: Below is the given function: Total cost, TC  = 60 + 6q Quantity = 10 units per day

Q: The total cost of producing the first q items is given by the formula C(q) = -2q^3 + 60q^2 + 1000…

A: Given: Total cost function C(q) = -2q3 + 60q2 + 1000 First, we will find the average cost function…

Q: A garment factory has total fixed costs of $300,000 per year. The firm’s average variable cost is…

A: The provided information are: Total fixed cost = $300000 Average variable cost = $80

Q: (iii) What part of the decreasing range is practically feasible? (iv) Write an equation for the…

A: The average (AC) cost function of the firm is, The first order condition is, The second order…

Q: The diagram displays short-run cost curves for a facility that produces liquid crystal display (LCD)…

A:

Q: Cost function C = 80q - 3q2 + q3 If MC function is 80-6q+3q2, At what output level the average cost…

A: Answer to the question is as follows:

Q: Question 3 to the cost of producing the (x + 1)st item? Can you think of a cost function, so that…

A: Given, Cost Function = x  cost of producing the x + 1st item

Q: Al Mardoof Company paid different types of costs for different output levels as shown in the given…

A: From the graph, we can see that the variable cost is depicted by the Green line. The cost is on the…

Q: The business venture involves the sale of decorative jewelry cases. It costs the startup $280 to…

A: Answer: Given, The total cost of producing 40 jewelry cases = $280 The total cost of producing 60…