A company produces 300 widgets a day at a total cost of $8000 and 600 widgets a day at a total cost of $1400. Find the company's daily fixed cost and marginal cost per widget.

Q: If the daily marginal cost for a product is MC = 6x + 140, with fixed costs amounting to $300, find…

A: here marginal cost function is  MC=6x+140 to find the total cost function, take integration

Q: If variable costs increase, but price and fixed costs are held constant, the break even point will…

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Q: If two companies have the same marginal cost, is their total cost always/sometimes/never the same?…

A: Given: If two companies have the same marginal cost. Marginal cost: The marginal is the change in…

Q: Find the cost function if the marginal cost function is  C'(x)= 9x - 6 and fixed cost is $12

A: To find the cost function we have to integrate the marginal cost function c=integrating constant

Q: Suppose a company manufactures MP3 players and sells them to retailers for $98 each. It has fixed…

A: Topic:- cost and marginal function

Q: Joe runs a carwash stand and finds out quickly that for this business to breakeven he needs to wash…

A: The number of cars need to be wash is 10 and the washing price per car is $5.The total washing cost…

Q: If consumption is $7 billion when disposable income is $0, and if the marginal propensity to consume…

A: It is given that the consumption is $7 billion when disposable income is $0 and marginal propensity…

Q: If the total cost function for a product is C(x) = 0.5x2+3x +450 dollars. What is the minimum…

A: The total production cost for a product is given as, Cx=0.5x2+3x+450 Average cost is total cost…

Q: If the daily marginal cost for a product is  MC = 4x + 140,  with fixed costs amounting to $800,…

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Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

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Q: Assume that the situation can be expressed as a linear cost function.  Marginal cost is $25; 190…

A: GIVEN: Marginal cost = $25

Q: The selling price per unit of a product is $30, the fixed costs per month are $12,500, and the total…

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Q: A firm sells a product for $80 per unit. Raw material costs are $12.50 per unit, labor costs are…

A: Profit is the difference of revenue and cost. The formula of profit is given below:…

Q: A local company is planning to manufacture and market a four-slice toaster. For this toaster, the…

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Q: find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

A: Find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

Q: If the marginal cost for a product is MC = 4x + 20 and the total cost of producing 15 units is…

A: Given,           The marginal cost for a product is MC¯=4x+20 and the total cost of producing 15…

Q: If the marginal cost for a product is MC = 6x + 7 and the production of 10 units results in a total…

A: We have to find the total cost function of the product using marginal cost function.

Q: Given Cost and Price​ (demand) functions C(q)=110q+40000 and p(q)=-2.2q+950, what is the marginal…

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Q: If consumption is $6 billion when disposable income is $0, and if the marginal propensity to consume…

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Q: . If the profit for a product is given by P(x) = 20Vx +1– 22x – 22 thousand dollars, what is the…

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Q: calculate the consumers Surplos at the ndicated unit price P for the demand equation 13

A: Given that: Price, p=12-2q1/3 and p=8

Q: If the total cost of a firm is C(x) = 1.5x3 - 5x2 + 20x + 5. Find the marginal cost (in Dollars)…

A: Given that,the total cost of a firm is Cx=1.5x3-5x2+20x+5We need to compute the marginal cost in…

Q: Your college newspaper, The Collegiate Investigator, has fixed production costs of $76 per edition…

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Q: A company produces 1200 widgets a week at a total cost of $15,000 and 1800 widgets a week at a total…

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Q: QUESTION 2 Assume that the linear cost and revenue models apply. An item costs $2 to make, If fixed…

A: Solution: According to the linear model, R(x) =mx +b Total Cost = $6000 + (2*400) = $14000 Profit =…

Q: Students at University of Wakanda will pay $2004 for 9 credits and $2796 for 15 credits. If the cost…

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Q: If the fixed cost function is $3000 weekly, how do I find the cost function? given(x=0)

A: Given  Integrating both sides, we get where d is constant of integration.

Q: Find the total cost of producing x items if fixed costs are $500 and marginal cost is 6x MC= 10+ x2…

A: We know that marginal cost function is the derivative of the total cost function, so the total cost…

Q: If the daily marginal cost for a product is MC = 8x + 150, with fixed costs amounting to $500, find…

A: The marginal cost(MC) is given by, MC=C'x=dCdx  Where C(x) is the total cost function per day.…

Q: Given Cost and Price​ (demand) functions C(q)=100q+40000 and p(q)=−2.7q+900​, what is the marginal…

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Q: Find the cost function if the marginal cost function is C'(x)=12x-5 and the fixed cost is $10.

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Q: The demand equation for a manufacturer's product is p= 100 – q, 0<q< 60, where q is the number of…

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Q: If the marginal cost for a product is  MC = 6x + 7  and the production of 10 units results in a…

A: The marginal cost function is obtained by taking the derivative of the total cost function with…

Q: The marginal cost per day of producing x gadgets is C'(x)=3.15+0.004x dollars per gadget. What is…

A: to find:- total cost of production of 800 gadgets.

Q: Suppose the dollar cost of producing x video cameras is C(x) = 500x − 0.009x2 + 10−8x3. Estimate the…

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Q: If the daily marginal cost for a product is  MC = 2x + 110, with fixed costs amounting to $200,…

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Q: If the total cost of a firm is C(x)=1.5x3-5x2+20x+5; find the marginal cost (in dollars)  when 25…

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Q: If the total cost to produce x units of an item is C(x) = 12x + 7 dollars, what is the marginal…

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Q: If  C(x) = 16000 + 500x − 2.2x2 + 0.004x3  is the cost function and  p(x) = 2900 − 7x  is the…

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Q: Assume it costs Microsoft $4,700 to manufacture 5 Xbox 360s and $7,650 to manufacture 10. Obtain the…

A: according to question, we have to assume it  costs Microsoft $4,700 to manufacture 5 Xbox 360s and…

Q: Suppose the demand function for a product is p(x)=400−(1/10000)x^3. If the price is set at 300, what…

A: p(x)=400−(1/10000)x^3 when x = 0 p = 400 When p* = 300; let's say x = x* then 300 = 400 -…

Q: The marginal cost of producing x tablet computers is                         c' (x) = 120 - 0.06x +…

A: Given that the marginal cost of producing “x” tablet computers is, C'x=120-0.06x+0.00001x2 To…

Q: What level of output would generate a profit of $15,000 if a product sells for $24.99, has unit…

A: Given: Net income = $15,000. Selling Price per product = $24.99 Variable cost per product = $9.99…

Q: Given that the marginal cost function is C'(x) = 6x -15  and the total cost to produce the first 10…

A: The antiderivative of the marginal cost function is known as cost function Thus, Cx=∫C'xdx=∫6x-15dx

Q: Calculate the consumers' surplus if the demand equation is p=20-2q1/3 and the unit price is set at…

A: Given, demand equation and unit price

Q: If a total cost function is C(x) = .0001x3 − .06x2 + 12x + 100, is the marginal cost increasing,…

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Q: If the marginal cost for a product is  MC = 2x + 80 and the total cost of producing 15 units is…

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Q: Assume that the linear cost model applies. If the total cost of producing 1600 items at $15 each is…

A: here we want linear relation  for 1600 item cost for each is $15 1600*15 = $24000 so extra is 24410…

Q: What are the company's daily fixed costs (in dollars)? $     What is the marginal cost (in dollars)…

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