Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.005x° +0.07x + 15x +…
A:
Q: Suppose a painting company paints the exteriors of homes. If the marginal average cost (per house)…
A: The marginal average cost (per house) is $140 when 20 houses are painted. The marginal cost of 21th…
Q: Assume that it costs a company approximately C(x) = 529,000 + 160x + 0.001x2 dollars to manufacture…
A: Since you have asked multiple question, we will solve the first question for you. If youwant any…
Q: A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the…
A: NOTE: Refresh your page if you can't see any equations. . x=number of rooms y=price per room from…
Q: The estimated demand and supply curve for apples is displayed below. If the current price is…
A: Given the current price is $100 / ton . We have to find the demand and supply from the graph and…
Q: b) Find the total cost if the marginal cost is MC 3e0.50 and fixed costs are 10.
A:
Q: Rick Miller has just opened a new bakery in Frisco, Colorado, called Morning Fresh. In performing an…
A:
Q: Joe runs a carwash stand and finds out quickly that for this business to breakeven he needs to wash…
A: The number of cars need to be wash is 10 and the washing price per car is $5.The total washing cost…
Q: The FlowStop Company determines that the marginal cost for the new line of faucet is given by (i)…
A: Solution
Q: $150 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to…
A: Note: As per our company guidelines, we are supposed to answer only 1st question at a time, kindly…
Q: It costs $4800 to produce 1295 items and it costs $4830 to produce 1305 items. What is the…
A:
Q: 3) The manufacturer of standard size Norman windows estimates that he can sell 5,000 units a year at…
A: Given query is to find the the price for greatest return.
Q: The total cost (in dollars) of producing x college textbooks is C(x) = 40x+100,000. (a) What are the…
A: Given that C(x)=40x+100000 To find the following
Q: At how many average weekly hours worked is the marginal effect of hours on predicted wage equal to…
A: Please find the explanation below. Here we should find at how many average weekly hours worked is…
Q: R(q)= (20000/q^1.5)*q what is the marginal revenue ?
A: Given, function is
Q: If a manufacturer's average-cost function is 8000 e/800+450 find the marginal cost function. What is…
A: manufacturer’s average-cost function is given We need to find the marginal cost function. To get…
Q: If the marginal revenue(in dollars per unit) for a month is given by MR'= -0.006x+36, find the total…
A: The marginal revenue for a month is MR′ = -0.006x + 36.The total revenue from the production and…
Q: find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…
A: Find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…
Q: A company purchased factory equipment on June 1, 2021, for $155000. It is estimated that the…
A: To determine the depreciation of the equipment on December 31, 2021.
Q: Suppose that a company has determined that a 70% experience curve accurately describes the evolution…
A: Solution
Q: Determine the market potential for a product that has 20 million prospective buyers who purchase an…
A: Given : Number of buyers = n = 20 million = 2,00,00,000 Average price = p = $50 Quantity per year =…
Q: A starts business with Rs. 35000 and after 5 months, B joins with A as his partner. After a year,…
A: Given:A starts business with Rs. 35000 and after 5 months, B joins with A as his partner. To…
Q: If the marginal revenue (in dollars per unit) for a month for a commodity is MR = -0.2x + 49, find…
A:
Q: The following model allows the return to education to depend upon the total amount of both parents'…
A: Note: Hi there! Thank you for posting the question. As you have posted multiple questions, as per…
Q: What is the average MPG of cars that weigh greater than 2500 lb ? What is the estimated marginal…
A: The average MPG of cars that weigh greater than 2,500 lb. is, Thus, the average MPG of cars that…
Q: The following table shows the total spent on research and development by industry in a country, in…
A: Here you've given that two variables named as Year and Spending ($ billions). Let us define the…
Q: How much of the variation in prices are explained by these characteristics?
A: The variability in the response variable that is explained by the explanatory variables is…
Q: It costs $4829 to produce 1295 items and it costs 4849 to produce 1305 items. What is the…
A:
Q: If the marginal revenue (in dollars per unit) for a month is given by MR = -0.3x + 500, what is the…
A: MR=-0.3x+500 Marginal revenue is the derivative of the total revenue. So to find total revenue,…
Q: Find the marginal cost for producing x units. C = 245,000 + 9700x
A:
Q: Find the point of diminishing returns for the revenue function
A: The objective here is to find the point of diminishing returns for the given revenue function:…
Q: A monthly seasonal Index of 1.25 for June indicates that sales are 25% higher than average sales.…
A: The seasonal index show changes with respect to average value.
Q: The manager of a big corporation finds out that on average, 40% of sick days are logged on Mondays…
A: Monday and Friday constitute of 25=0.4% of the workweek.
Q: The marginal cost is interpreted as Select one: O a. The cost of producing one additional unit.
A: Marginal Cost: Marginal cost represents the incremental costs incurred when producing additional…
Q: calculate the consumers Surplos at the ndicated unit price P for the demand equation 13
A: Given that: Price, p=12-2q1/3 and p=8
Q: Determine the marginal profit for 81 electric mixers.
A:
Q: Suppose that a company's average cost is A(x) = 0.2x + 6. Step 2 of 2: Determine the marginal cost.…
A:
Q: If the marginal revenue (in dollars per unit) for a month for a commodity is MR = −0.6x + 41,…
A: Revenue fuction=∫MRdx +c
Q: Which state has the smallest range of premiums?
A:
Q: If your weekly cost, C, (in dollars) to manufacture L laptops and D desktops is: C(L, D)= 5000+50L…
A:
Q: If the marginal revenue (in dollars per unit) for a month for a commodity is MR = −0.6x + 35, find…
A:
Q: find the marginal revenue at a production level of 1,600 pairs x= 4,000- 40p
A: To find marginal revenue , first find out the revenue function using the given equation. Solve the…
Q: When 40 units are produced, the average cost is 200 and the marginal cost is 150. Estimate the total…
A:
Q: Use a linear approximation to estimate 1/4.002
A: Given that it is required to estimate 14.002 using linear approximation. It is known that for a…
Q: What is the marginal cost, marginal revenue and marginal profit when = 2500 and r = 4200 ?
A: Given, C(x)=65000+4x+0.2x2-0.00002x3p(x)=5000-0.5x
Q: Find the marginal profit function.
A:
Q: The table below shows monthly data collected on production costs and on the number of units produced…
A: Given information: The data represents the values of the variables Total production costs and level…
Q: If the marginal cost for a product is MC = 4x + 30 and the total cost of producing 30 units is…
A: Consider the given marginal cost function: Here the objective is to find the cost function and cost…
Q: Assume that the situation can be expressed as a linear cost function. Find the cost function.…
A: Given Marginal cost (m)=$120 700 Items cost $96,500
Q: A company estimates that the marginal cost (in dollars per item) of producing : items is 1.92 –…
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- The total cost of producing x calculators is given by C(x) =4000+10X+0.05x2. The revenue from selling x calculators is given by R(x) =70x-0.006 determine the marginal cost functionSuppose that the cost of producing x items is C(x) = .005x3 - .5x2 + 28x + 300 dollars, and daily production is 50 items. (a) What is the extra cost of increasing daily production from 50 to 51 items? (b) What is the marginal cost when x = 50?Assume that it costs a company approximately C(x) = 576,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost? units What is the resulting average cost of a device? $ How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ. $
- Suppose a company manufactures MP3 players and sells them to retailers for $98 each. It has fixed costs of $262,500 related to the production of the MP3 players, and the cost per unit for production is $23. What is the marginal cost for this product? Is the marginal cost equal to the variable cost or the fixed cost?A company estimates that the marginal cost (in dollars per item) of producing x items is 1.84 − 0.002x. If the cost of producing one item is $572, find the cost of producing 100 items.Suppose that for a company manufacturing bluetooth and wireless headsets, the cost and revenue functions (both in dollars) are given by C(x) = 32, 000 + 60x and R(x) = 130x – 0.001x², respectively, where the production output in one week is x headsets. Use marginals to approximate the profit made after selling the 301st headset.
- supposed that a price-demand funtion P(x)=500-15x calculate marginal revenue function when x=10A company estimates that the daily cost (in dollars) of producing x chocolate bars is given by C(x) = 930 + 0.03x + 0.0004x2. Currently, the company produces 690 chocolate bars per day. Use marginal cost to estimate the increase in the daily cost if one additional chocolate bar is produced per day. Round to the nearest cent.The marginal cost of producing the xth box of light bulbs is 5 + x2 /1,000 dollars. Determine how much is added to the total cost by a change in production from x = 10 to x = 100 boxes.
- Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.005x3+0.07x2+18x+700, and currently 50 chairs are produced monthly. a) What is the current monthly cost? b) What is the marginal cost when x=50? c) Use the result from part (b) to estimate the monthly cost of increasing production to 52 chairs per month. d) What would be the actual additional monthly cost of increasing production to 52 chairs monthly?In the least-squares line ŷ = 5 − 2x, what is the value of the slope? In the least-squares line ŷ = 5 + 7x, what is the marginal change in ŷ for each unit change in x?