Can you think of a cost function, so that the marginal cost at any x is exactly equal to the cost of producıng the (x + 1)st item? If yes, describe as many such functions as possible. If not, show why such a function cannot exist.

Q: A food truck gyro vendor has weekly fixed costs of ​$550​, and variable costs of $4.55 for each gyro…

A: Cost is the sum of fixed cost and variable cost

Q: The marginal cost function is ??(?) = 4 + 10? + 6?2 . Find the total cost function ??, when the…

A: Total cost function shows how the production cost varies in relation to output level. It is the…

Q: MyCollege Clothing Company manufactures expensive sweatshirts to sell to college bookstores in…

A: In this question:- The cost function=TC=c(x)=4000+0.25x2 Revenue function=TR=p×x=rx=150-0.5xx

Q: Suppose for a particular firm the only variable input into the production process is labor, and that…

A: Total cost is the cost of all inputs needed to produce with the given output. ATC is given as $30…

Q: A production function is given by f(x1,x2)=(max(x1,x2))^0.5. Prices of inputs are p1=10 and p2=20.…

A: Price of inputs for X1 and X2  are 10 and 20 respectively. Firm want to produce Q=10 units.

Q: Given the production function y 1/x05, if Price of output is P and price of input X is V and fixed…

A: Marginal cost is the change in variable cost with respect to change in output.  Differentiate the…

Q: If the marginal cost MC = 5+4Q , and the fixed cost is 4, what is the total cost function?

A: As per question, marginal cost MC= 5+4Q and fixed cost is 4. Taking integral (with respect to Q) of…

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

A: Since you have posted multiple questions so as per the answering guidelines, I have solved the first…

Q: The marginal cost function is MC = 100 – 20x + x², then the cost function is Select one: а. C(x) =…

A:

Q: A computer company produces hardware and software using the same plant and labor. The total cost of…

A: (a) There would no economies and diseconomies of scale if the product is produced by itself. To…

Q: Cost is in dollars and x is the number of units. Find the marginal cost function. MC for the given…

A: Given data: Cx=700+5x+0.04x2

Q: If a cost function is C(q) = 2q3 - 6q2 + 20q • what is the fixed cost? What is the variable cost? •…

A: Economies of scale refers that when the cost per additional unit is decreasing due to increasing in…

Q: Q.No.6 a. If total cost function is (6) C= C(Q) Show the relationship between marginal cost and…

A: Marginal cost refers to the additional cost of production incurred in the process of increasing…

Q: A firm has a production function QL,K=100L0.4K0.6 with a cost function CL,K=5L+30K. What is the…

A: Q(L,K)=100L0.4K0.6 C(L,K)=5L+30K w=5 r=30 Q=1000   MPL=dQ/dL=0.4(100)L-0.6K0.6 MPL=40L-0.6K0.6…

Q: Consider the total cost function, TC = 25 + 6Q - 5Q^2 + 6Q^3 Find the marginal cost (MC) at Q= 6.

A: The total cost function is,  TC = 25 + 6Q - 5Q2 + 6Q3 Marginal Cost (MC) is defined as the change in…

Q: For the cost function C(Q) = 100 + 4Q + 19Q2 + 2Q3, what is the marginal cost of producing the…

A: Answer to the question is as follows:

Q: Suppose the total cost of producing T-shirt can be TC = 50+2q. The average cost of

A: Given the total cost, TC  = 50 + 2q We are required to find the average cost.

Q: For the total cost function TC (a) = - 30q² + 800q, find the minimum marginal and average cost. Show…

A:

Q: the cost to maintain inventory for the weather balloon is given by C (x)= (21500/x)+2.4x, where x is…

A: We are going to derive the Marginal cost expression and theory behind it to answer this question.

Q: what is explicit cost with example

A: The correct answer is given in the second step .

Q: For this cost function, Marginal Cost = MC = 10 q . (45) Fill in the table with your values from…

A: MC(marginal cost) is the slope of TC(total cost). TC is the sum of TVC(total variable cost) and…

Q: If c=3q-3q2+q3is a cost function, when is marginal cost decreasing?

A:

Q: The profit, P(x), generated after producing and selling x units of a product is given by the…

A: Given, The quantity of roast beef sandwich = x The total cost per week represent by = C(x) The fixed…

Q: What is the marginal cost, if the cost function given is C(Y)=6 a) Y? b) 3Y c) 6Y d) 12Y

A: Marginal cost refers to an additional cost that occurs from producing one more unit of output.

Q: The production function is y = min{x1 , x2} where x1 and x2 are the amounts of two inputs used. The…

A: Two goods are complements when they are consumed together in fixed proportion.

Q: Consider the following information about the input choices and prices, produci the same output in…

A: Cost minimization refers to optimal usage of factors of production such that for production of a…

Q: 25) If a firm has the cost function C(q) = 5q² + 20q + 180 and the marginal cost function MC(q) =…

A: average cost or unit cost is equal to total cost divided by the number of units of a good produced…

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: Is it true or not that the marginal cost  C′(x) is equal to the average cost at the critical points…

A: Average cost is the cost of making a single product calculated by dividing the Total cost by the…

Q: “Sunk cost is a fixed cost, but not in the long term.” Is this statement true or false? Explain!

A: In an economy, the cost is classified in different forms according to its effect on organizational…

Q: The total cost function is : C= 2x3+4x2+2 Find the marginal cost of C?

A: Given: C= 2x3+4x2+2 Where, x is the number of units that has been produced.

Q: (Type a whole number.) The expression for the marginal cost function is (Simplify your answer. Type…

A: Total cost is the sum of fixed and variable costs. Variable costs change according to the quantity…

Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.005x + 0.07x + 15x +…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: For this cost function, Marginal Cost = MC = 10 q. %3D 45) Fill in the table with your values from…

A: Fixed cost is independent of output produced whereas variable cost varies with the level of…

Q: Find the cost function for the marginal cost function. c'(x) = 0.06 e 001x. fixed cost is S7 C(x) =|

A: We are going to find total cost function by integrating marginal cost function to answer this…

Q: The cost function of a firm is given as C1 = 400 + 200 + 4Q" using this cost function what is the…

A: here we calculate the efficient scale of the firm by using the cost function so the calculation of…

Q: Find the attached file.

A: Fixed cost is the cost which does not vary with the change in the output. Marginal cost is the…

Q: Why is a cost function a derived function

A: Cost functions are derived functions. Because they are derived from the technological relationships…

Q: Let a two-output cost function be given by: C(y1, y2) = y1+Y2+Y1Y2 – (y142)² + yž. Assume that y1 >…

A:

Q: c) If the total cost of a product is TC = 45 + 5Q − 2Q 2 + 2Q 3 , Find i) Marginal cost function at…

A: Total cost is the cost that includes fixed cost as well as the variable cost of the production…

Q: Consider a company that has fixed costs of $6,700 and a marginal cost of $26 per item.   What is…

A:

Q: Given a cost function C(x), which returns the total cost of producing x products, the average cost…

A: Total cost function  C(x) = 80x+150

Q: Consider the following cost function: C= 0.3q3 - 6q? + 90q + 100. When output is 18 units, average…

A: Given: The cost function is: C = 0.3q3 - 0.6q2 + 90q + 100 To Find: The average cost when output is…

Q: Question 3 to the cost of producing the (x + 1)st item? Can you think of a cost function, so that…

A: Given, Cost Function = x  cost of producing the x + 1st item

Q: or each of the following cost-output relationships, describe the shape (U-shape, decreasing,…

A: Given cost functions a) C= 42,500,000+2550Q            ............ (1) b) C=8.48+0.65Q+0.00220Q2…

Q: If a business has a long-run cost (TC) function given by TC = aq' – bq² + cq where q = the rate of…

A: Given  Total cost function TC=aq3-bq2+cq              ... (1) q= rate of output  a, b and c are…

Q: Find the value of Marginal cost if the marginal cost function is given is :- 3Q2 - 42 And the…

A: The information being given to us:- Marginal cost function is as:- 3Q² - 42  Quantity is 5 units  We…