A farmer produces potatoes. The following are formulas for the farmer's variable cost (in hundreds of dollars) and marginal cost (in dollars per bag) for producing q hundred bags of potatoes. vc(a)=3 +g and MC(a)=o+1. a.) Use the formulas for VC(g) and MC(g) to compute variable cost and marginal cost at 300 bags of potatoes. variable cost: 1.2 v hundred dollars marginal cost: [.10 v dollars per bag b.) Fixed costs are 80 dollars (0.80 hundred dollars). Compute total cost, average cost, and average variable cost at 300 bags of potatoes. Round your answers to two digits after the decimal, necessar V hundred dollars x dollars per bag Ix dollars per bag total cost: 2 average cost: 2 average variable cost: 1.2 c.) Write out formulas for total cost (in hundreds of dollars), average cost (in dollars per bag), and average variable cost (in dollars per bag) to produce q hundred bags of potatoes. TC(q)= 1.2(q) +.80 1.2(g) (9). AC(q)= 1.2(q) AVC(q)=
A farmer produces potatoes. The following are formulas for the farmer's variable cost (in hundreds of dollars) and marginal cost (in dollars per bag) for producing q hundred bags of potatoes. vc(a)=3 +g and MC(a)=o+1. a.) Use the formulas for VC(g) and MC(g) to compute variable cost and marginal cost at 300 bags of potatoes. variable cost: 1.2 v hundred dollars marginal cost: [.10 v dollars per bag b.) Fixed costs are 80 dollars (0.80 hundred dollars). Compute total cost, average cost, and average variable cost at 300 bags of potatoes. Round your answers to two digits after the decimal, necessar V hundred dollars x dollars per bag Ix dollars per bag total cost: 2 average cost: 2 average variable cost: 1.2 c.) Write out formulas for total cost (in hundreds of dollars), average cost (in dollars per bag), and average variable cost (in dollars per bag) to produce q hundred bags of potatoes. TC(q)= 1.2(q) +.80 1.2(g) (9). AC(q)= 1.2(q) AVC(q)=
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
Related questions
Topic Video
Question
This is my math homework, and I was able to answer the first question but I'm stuck, and my group members are no help either. My homework is due at 5 please help me!
Expert Solution
Step 1
We will answer the first three subparts as per our guideline. Please resubmit the other questions separately to be answered.
Trending now
This is a popular solution!
Step by step
Solved in 6 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning