al Average CostCostSubmitting an external toolQuestion12 +x + 2. What is the marginal cost when x = 10? Give your answer asA cost function is given by C(x)an integer and do not include units in your answer.Hint: you may want to make use of the fact that((ar+b)") an(ar+ b)"-drProvide your answer below:A Basic9.OAOL511

Marginal cost Marginal cost is the derivative of the cost function, so take the derivative and…

Answered: al Average Cost Cost Submitting an…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

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Similar questions

How are the absolute maximum and minimum similar to and different from the local extrema?
A different interpretation of marginal cost Suppose a largecompany makes 25,000 gadgets per year in batches of x items ata time. After analyzing setup costs to produce each batch and tak-ing into account storage costs, it has been determined that the totalcost C(x) of producing 25,000 gadgets in batches of x items at atime is given byC1x2 = 1,250,000 +125,000,000/x + 1.5x.a. Determine the marginal cost and average cost functions. Graphand interpret these functions.b. Determine the average cost and marginal cost when x = 5000.c. The meaning of average cost and marginal cost here is differ-ent from earlier examples and exercises. Interpret the meaningof your answer in part (b).
A company’s Marginal Cost function is ()x(MC) is given below; where (x) is the number of units produced:
Find the demand function p, given the marginal revenue function dr/dq below. dr/dq = 277 - 3q - 0.3q^2 p = ?
C=f(Y) in the Consumption function expressed in closed form, C; consumption expenditures and Y; represents disposable income. It is obtained as Marginal Propensity to Consume (MTE)=dC/dY in a given consumption function.Accordingly, when Income (Y) is 100 units, calculate and interpret the VTE for the consumption function given below.
Consider the competitive market for steel. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. NOTE: here are the blank question choices At that price, firms in this industry would _____ (earn zero profit OR earn a positive profit OR shut down OR operate at a loss). Therefore, in the long run, firms would ______ (enter OR exit OR nither enter or exit) the steel market. Because you know that competitive firms earn ______ (negative OR postive OR zero) economic profit in the long run, you know the long-run equilibrium price must be $______ per tonne. From the graph, you can see that this means there will be ______ (20 or 30 or 40) firms operating in the steel industry in long-run equilibrium. NOTE: PLEASE CLEARLY STATE THE X and Y coordinates of EACH POINT PLOTTED
A different interpretation of marginal cost Suppose a largecompany makes 25,000 gadgets per year in batches of x items at atime. After analyzing setup costs to produce each batch and takinginto account storage costs, planners have determined that the totalcost C(x) of producing 25,000 gadgets in batches of x items at atime is given by a. Determine the marginal cost and average cost functions. Graphand interpret these functions.b. Determine the average cost and marginal cost when x = 5000.c. The meaning of average cost and marginal cost here is different from earlier examples and exercises. Interpret the meaningof your answer in part (b).
Suppose that a company's average cost is A(x)=1.7x+7. Step 2 of 2: Determine the marginal cost.
Nanyang Eatery is located in a residential district and it is contemplating extending its operational hours beyond 9 pm. However, there is the concern that this may create noise pollutions and affect the residents. The table below shows Nanyang Eatery’s marginal cost of staying open later than 9pm and also the marginal cost to affected residents. Assume that Nanyang Eatery’s marginal revenue of staying open is $160 per hour. Time of Operation Nanyang Eatery’s Marginal Cost Residents’ Marginal Cost 10pm – 11pm $120 $0 11pm – 12am $140 $20 12am – 1am $160 $40 1am – 2am $180 $80 (a) To maximize profit, what time would Nanyang Eatery open until? What time would the residents prefer that Nanyang Eatery to open until? (b) To maximize social welfare, what time should Nanyang Eatery operate until? What can be done to make the residents agreeable to this operating time?
Assume that marginal revenue is given by:dI(x) / dx = 2,500 - x - 2x2a) Determine the revenue function I(x)b) Determine the demand function of the good
The marginal revunue function for manufacturer's product is of the form a/(e^q + b ) where a and b are constants . Derive the demand functions.
Find the cost function for the given marginal cost function

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