A manufacturer’s marginal cost (MC) function is given by: MC = 1000 √3?+12 Find the equation of the total cost function if total costs are 5200 when ? = 8. b) A population of size ? is decreasing according to the law ?? = −? ?? 250 where ? denotes the time in days. If initially the population is of size ?0 (that is, when ? = 0, ? = ?0) find how long it takes for the size of the population to be halved.
A manufacturer’s marginal cost (MC) function is given by: MC = 1000 √3?+12 Find the equation of the total cost function if total costs are 5200 when ? = 8. b) A population of size ? is decreasing according to the law ?? = −? ?? 250 where ? denotes the time in days. If initially the population is of size ?0 (that is, when ? = 0, ? = ?0) find how long it takes for the size of the population to be halved.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 9E
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Question
A
√3?+12
Find the equation of the total cost function if total costs are 5200 when ? = 8.
b) A population of size ? is decreasing according to the law ?? = −?
?? 250
where ? denotes the time in days. If initially the population is of size ?0 (that
is, when ? = 0, ? = ?0) find how long it takes for the size of the population to be halved.
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