Cost is in dollars and x is the number of units. Find the marginal cost function. MC for the given cost function. C(x) = 700 + 5x + 0.04x^2 MC =?

Q: Marginal cost is the slope of both the average variable cost and the variable cost functions. Select…

A: Marginal cost is the change in total cost or total variable cost per unit change in output.

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: The average cost for a firm is given as a function as follows:- AC 3Q²-6Q + 20 = Calculate the Total…

A: WE Know that the average cost simply defined as the total cost per unit of output.  That is :- AC =…

Q: The total cost of producing one unit is $100 The total cost of producing two units is $150 At a…

A: It is given that, the total cost of production of 1st unit = $100. The total cost of production when…

Q: Given the average-cost function AC=Q^2-4Q+174, find the MC function. Is the given function more…

A: Average Cost (AC) function is given as:

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

A:

Q: The average fixed cost curve will never intersect with either the horizontal or vertical axis.

A: The total cost of production refers to the market value of all the inputs used by the firm in the…

Q: The total cost function of a firm is:- 23Q² - 13Q + 40 Find the average cost function

A: The total cost (TC) is divided by the entire output to get the average cost of production (Q). All…

Q: The average cost function of a firm is:- 2Q² - 350 Find the total cost function

A: The data presented in the question above is:- We are given with the average cost function of a firm…

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: For a short-run cost function which of the following statements is (are) not true?

A: The marginal cost function intersects the average variable cost function where the average variable…

Q: The total cost of producing one unit is $50. The total cost of producing two units is $75. At a…

A: Given information: Total Cost  to produce 1 unit = $50 Total Cost  to produce 2 unit = $75

Q: If a production function exhibits decreasing returns to scale, average cost will decrease as output…

A: Average cost is the per-unit cost of output.

Q: Calculate the total cost function if average cost function is :- 36Q3 - 5Q2 + 10

A: We are given with the average cost function:- 36Q³ - 5Q² + 10 Also we know that :- TC = AC * Q

Q: Diseconomies of scale exists over the range of output for which the long run average cost curve is?

A: Diseconomies of scale exists over the range of output for which the long run average cost curve is…

Q: The minimum average cost occurs when the average cost is equal to the marginal cost.

A: The total cost incurred by a firm includes fixed cost and variable cost. Fixed costs are the costs…

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

A: Given, C(x) = 700 + 5x + 0.04x2

Q: Since marginal cost is the reciprocal of marginal product times the input price, it decreases as…

A: The marginal cost refers to the additional cost incurred on production of an additional unit of…

Q: When there are fixed costs and a constant marginal cost a. The average fixed cost function is…

A: The fixed cost does not change with change in the output level. The variable cost changes with…

Q: Define the cost function c(w1,w2 ,y) =w1×1(w1,w2.y) + w2x2(w1,w2,y). Show that the cost function is…

A: Given function C(W1,W2,y)=W1X1(W1,W2,Y)+W2X2(W1,W2,Y) Here W1=first input prices W2= second input…

Q: What is MC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: The total cost function of a firm is:- 23Q? - 13Q + 40 Find the average cost function

A:

Q: If the average variable cost is $2.00 and the average total cost is $8.00 and the marginal cost is…

A: Answer: Note: I am considering that average variable cost, not average available cost as you have…

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: Total cost function is given as:- 3Q4 -5Q3 + 2Q2 + 16Q Calculate the marginal cost function

A: # We know that Marginal cost is given as:- MC = change in Total Cost / Change in quantity Thus it…

Q: For the cost function below, where C is the cost of producing x units of a product, find the…

A: Power Rule: d/dx (xa) = axa-1 where a is constant. And MC = C'(x)

Q: Consider the following cost function.   a. Find the average cost and marginal cost functions. b.…

A: Average cost refers to total cost per unit of output. Marginal cost refers to change in total cost…

Q: Suppose that cost function is C(Q) = mQ 2 + nQ + p. Find the point that average cost function A(Q)…

A: Average cost=total cost/quantity

Q: When the average total cost curve is at its minimum, we know that the: a. marginal cost curve is…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase…

A: Marginal cost is the change in the total cost due to the increment in quantity produced by one…

Q: Graphically, the marginal cost curve and the average total cost curve intersect where

A: The marginal cost (MC) curve and the average total cost (ATC) curve interest at the minimum point of…

Q: dollars. C'(x)=15+ 500 X + 1 If the fixed costs are $4,000 per week, find the cost function. What is…

A:

Q: Find total cost if output is 39 units and average cost is $22

A: The Given information is as follows:- Output of firm = 39 units  Average cost = $22  We have to find…

Q: Total cost function is: TC (Q) = 4Q+54 Find the marginal cost.

A: Below is the given total cost: TC (Q) = 4Q+54

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: If a production function exhibits decreasing returns to scale, then the average variable costs are…

A: ANSWER STEP-1 If A Production Function Exhibits Decreasing Returns To Scale, Then The Average…

Q: Which of the following is not a fixed cost?

A: Fixed cost refers to a cost that does not change with an increase or decrease in the number of goods…

Q: If the total cost function for a product is C(x) = (x+5)° dollars, where x represents the number of…

A: Given, Total cost, C(x)=x+53 The average cost, AC(x) = C(x)/x AC(x) = x+53x To find the units which…

Q: The total cost function of firm is TC = 60 + 6q. If the firm produce 10 units per day then calculate…

A: Below is the given function: Total cost, TC  = 60 + 6q Quantity = 10 units per day

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. C(x) =…

A: The provided cost function is: Cx=1700+0.4x

Q: Suppose the cost function is C(Q) = 50 + Q − 10Q2 + 2Q3. What is the marginal cost of producing 10…

A: Here, cost function is given as: C(Q) = 50 + Q − 10Q2 + 2Q3 To find: marginal cost of 10th unit.

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…

Q: . For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following…

A: Average Fixed Cost = Total Fixed Cost/Output Total fixed cost = 100 AFC = 100/Q

Q: The unit price of a product is given by P(X) = 200 -  0,01X and the total cost function C(x) = 50X +…

A: Given : P(X) = 200 - 0.01X  C(x) = 50X + 20.000