3. Minimize the following total cost function: TC =Q3 – 10Q2 + 48Q + 46.

Q: A manufacturer's total cost equation per day is given by the equation TC = 440 + 4q+,0001Q². If each…

A:

Q: An average variable cost function is estimated as AVC = 96-2Q + 0.05Q2. Which of the following cost…

A: When average variable cost is given, total variable cost can be computed by multiplying AVC and…

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: Q (6) If the average cost function for a particular economic project is as follows, find: a. The…

A: Marginal cost is the additional cost that is incurred in the production of additional units of the…

Q: What will be the value of explicit cost of Rajan if the total revenue generated by him is $1300 and…

A: The information being given is :- We are given with the total revenue and accounting profit values…

Q: What is the value of the average total cost when Q=2? Enter your answer as a number below. Do not…

A: Given Total cost at output of 2 = 80 ATC = Total cost / output

Q: Referring to the cost table above, what is the average total cost if quantity produced equals 300…

A: Total cost of a firm is the cost incurred by the firm by producing a certain amount of output. The…

Q: Find the minimum value of the average cost for the given cost function on the given intervals. C(x)…

A: (a) C(x) =x3+28x+128minimum value of the average cost over the interval 1≤x≤10Finding out average…

Q: The total cost C for a manufacturer during a given time period is a function of the number N of…

A: Slope = 20 Initial Value = $1020 Formula  Total Cost = Fixed Cost + Variable Cost  Total Cost = 1000…

Q: Find variable cost if total cost and total fixed cost are $440 and $80 respectively

A: The information being given is:- Total cost = $440  Total Fixed cost = $80 We have to calculate…

Q: Calculate the total cost function if average cost function is :- 36Q3 - 5Q2 + 10

A: We are given with the average cost function:- 36Q³ - 5Q² + 10 Also we know that :- TC = AC * Q

Q: Suppose that a manufacturer of widgets has fixed costs of $1000 per month and that the variable cost…

A: A linear equation is a mathematical equation of degree one that yields a line on the cartesian plane…

Q: A local non-profit group prints a weekly newsletter. Professional typists earn $10 per hour and can…

A: Assumptions:- Group of answer choices 5 pros + 0 volunteers ; $0 lunch and driving 0 pros + 10…

Q: (2) Minimize the average cost for the following total cost function (TC) by finding out (a) average…

A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…

Q: For the cost function C(Q) = 100 + 2Q+3Q, the total fixed cost of producing 10 units of output is O…

A: Answer to the question is as follows:

Q: If the fixed cost of producing output Y is P150,000, variable cost is P300 per unit and the price of…

A: Introduction Fixed cost = P 150,000 Variable cost = P 300 per unit Price = P 600 per unit Production…

Q: a) Estimate from the graph i) the break-even points e) How would your answers for break-even points…

A: (a) The breakeven point is a situation where revenue earned by the firm is exactly equal to its cost…

Q: A specialty bicycle manufacturer has determined the cost function for manufacturing is given by C(x)…

A: Total cost is the sum of fixed cost and variable cost. And marginal cost refers to the cost which is…

Q: What will be the average fixed cost if TFC Is $350 and the output is 50 units

A: Fixed cost is the cost that remains fixed at all levels of output. This is the cost that is…

Q: The average cost function is:- 3Q² - 14Q + 20 Find the total cost function

A: The information being given is:- We are given with the average cost function:- 3Q² - 14Q + 20 We…

Q: q3- The average total cost curve is increasing when marginal cost is:   Select one: a.…

A: The relationship between ATC and MC is: When the MC curve is above the ATC curve then the ATC…

Q: Consider the following Total Cost function TC= 20 + 0.5 Q Assume Q = 10 How much the Average Total…

A: Average total cost is the aggregate of all cost that the firm incur to produce a batch of product…

Q: e financial department’s estimates are fixed weekly costs of$5,000 and variable costs of $5 per…

A: Fixed cost = $5,000 Variable cost =$5x Since it is given that the cost function is linear. C = Fixed…

Q: If variable cost at each output level doubles, ATC doubles. AFC doubles. MC remains unchanged. MC…

A: If variable cost doubles, fixed cost remaining same, then total cost rises but MC doubles.

Q: If TC = 108 + 20Q + 3Q2 , what level of Q generates the minimum average cost? Enter as a value

A:

Q: When economies of scale are large, firms can reduce their average total cost by: Multiple Choice…

A: When firms have large economies of scale, they tend to merge with other firms to make up larger…

Q: Given the following cost functions: TC=100+60Q-3Q2+0.1Q3 TC=100+ 60Q+3Q2 TC=100 + 60Q In each…

A: TC=100+60Q-3Q2+0.1Q3 AC=TC/Q= 100/Q+60-3Q+0.1Q2 In this case FC= 100 VC= 60Q-3Q2+0.1Q3 AVC=VC/Q=…

Q: The average cost function is:- 21Q - 33 Calculate the total cost function

A: We are given that the average cost function of the firm is as :- 21Q - 33 We need to calculate the…

Q: dollars. C'(x)=15+ 500 X + 1 If the fixed costs are $4,000 per week, find the cost function. What is…

A:

Q: An average variable cost function is estimated as AVC = 96-2Q + 0.05Q2. Which of the following cost…

A: When talking about cost functions of a firm, it can be said that these coste function are…

Q: For the following problem, what would be the objective function that aims at minimizing the total…

A: Given,

Q: how to calculate total cost analysis

A: Objectives to calculate total cost analysis : Understand and define the critical variable and fixed…

Q: If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

A:

Q: Determine the average cost function.

A: Cost is a function of the quantity produced. It measured the total cost of producing a given level…

Q: When the production volume (Q)is(100)units and the total costs (TC)is (1500) omani RIyals and fixed…

A: Total cost = Fixed cost + Variable cost

Q: Which of the following cost behavior assumptions is false? (You may select morethan one answer.)a.…

A: The cost behavior assumption “variable cost per unit increases as the activity increases” is a false…

Q: Write the MC function if the total cost function is TC = 100 + 120q + q^2

A: Given the total cost: TC = 100 + 120q + q2 MC = dTCdq

Q: If the total cost function for a product is C(x) = (x+5)° dollars, where x represents the number of…

A: Given, Total cost, C(x)=x+53 The average cost, AC(x) = C(x)/x AC(x) = x+53x To find the units which…

Q: Total Cost = C(x) = 0,005x^3 - 0,49x Lnx +5x Find : a. Average Cost Function b. Average Cost…

A: Average cost (AC) = C(x) / x AC = 0.005x2 - 0.49 Lnx + 5

Q: While drawing cost curves, the state of technology must be kept constant True/False

A: # Cost curve is drawn taking into use th fixed cost of the firm and the variable cost incurred by…

Q: Q.6 To express relationship between the average cost functions, which of the following is true: (a)…

A: # We know well that the total cost function is given by the sum of total fixed cost and total…

Q: A parking lot charges $2 per hour for the first 4 hours, then $3 per hour after that. Which…

A: Total cost(TC) function shows how cost(C) changes(Δ) when the parking hours(hrs) changes(Δ). The…

Q: d. Show that the cost function is non-decreasing in w,r and q.

A: Cost function is non- decreasing in w, r and q

Q: 30. If the total variable cost is 50 and the total cost is 200, then we know that the total fixed…

A: Total cost = Total fixed cost + total variable cost. Using the definition of total cost we have.