f the average cost function of a good is AC = 2Q + 6 + 13 Find an expression for MC. If the current output is 15, estimate the effect on TC of a 3-unit decrease in Q

Q: Suppose that the cost function for a commodity is (x) = 90 + x? dollars. (a) Find the marginal cost…

A: Answer to the question is as follows :

Q: A firm's production function is Q = 5 + 25L - .5L2 + 30K – K2, and its demand function is PQ = MRQ =…

A:

Q: If the profit function for a firm is given by  P(x) = −3800 + 210x − x2  and limitations on space…

A: The profit function for a firm is given by P(x)=-3800+210x-x2 At Break Even point the profit of the…

Q: Consider the following cost minimization problem: Minimization CT = wL + rK Hold it: q= L1/2 K1/2…

A: Given: TC=wL+rK q=L1/2K1/2 Hence, in the long run cost minimization problem, MPLMPK=wr

Q: I am given this question: The price p, in dollars, of a certain commodity and the quantity x sold…

A: p = (-x/5) + 200                                     C = (/10) + 400                Demand equation…

Q: Let x denote the level of output of a firm’s production process. The cost function is given by C (x)…

A: Profits are the excess of revenue receipts over the costs incurred by the firm. To maximize profits,…

Q: The manager of a men's store can sell 24 pairs of socks at a price of $2.31 per pair. If the price…

A: Profit function , which is the excess of revenue function over cost function, shows how business…

Q: Find the marginal cost, if TC is 4+2Q

A: The provided total cost function is: 4+2Q

Q: A manufacturer believes the function C(x) = 0.25x² 20x + 950 - where 0≤x≤ 100 approximates the…

A: Marginal cost refers to additional cost that is incurred from producing one more unit of output. It…

Q: The output (Q) of a production process is a function of two inputs (L and K) and K is given by the…

A: Answer: Given, Production function: Q=0.50LK-0.10L2-0.05K2 Per unit price of L PL=$20Per unit price…

Q: Consider the production function:…

A: Profit of a firm is given by total revenue-total cost. Given production function is. Y = 0.75X +…

Q: Marginal cost is given by the function :- 2Q2 - 130 And the equilibrium quantity is 10 so…

A: # Marginal cost measures the degree of change taking place in total cost of the firm.

Q: The manager of Don Teeta Company Limited hires labour (L) and rents capital equipment (K) in a very…

A: Given  wage rate of labor (w) = 2 capital rent (r) = 5 Price of Product (P) = 0.75 Total Cost (TC) =…

Q: Company XYZ projects their revenues for the given quarter to be modeled by the function R(z) = 12z -…

A: Breakeven is achieved at the output level where total revenue equals total cost.

Q: The cost to produce x units is given by C ( x ) = 0.03x2 + 8.8x + 1600 + 6.8 square root of x.  Find…

A: Marginal-Cost(MC) is the cost(c) of producing one additional unit. Given the cost-function(c(x)),…

Q: Let AC(q) and MC(q) be the average cost function and the marginal cost function respectively. (a)…

A: We know  AC(q)=TC(q)qand MC(q)=dTC(q)dq

Q: 250 = 10K0.5L0.5

A:

Q: Suppose the production is characterized by the function Q(K,L) = 50K05L05. The price of labor is $5…

A: Cost is minimized at the bundle of inputs where marginal rate of technical substitution is equal to…

Q: Question A5 For a particular product, Marginal Cost (MC) = Q + 5. Find an expression for Total Cost…

A: "Marginal cost is addition to the total cost when more unit of output is produced and it is obtained…

Q: A firm operates with the production function Q=2L+4K. The firm has target production of 420 units of…

A: Answer: Given, Q=2L+4K Target production = 420 units K = 80 units (short-run) w (wage) = $100 r…

Q: The marginal cost function of a company is given by MC 5+x, and the cost of producing 2 umits is 712…

A: Fixed costs are costs that do not change when sales or production volumes increase or decrease.Fixed…

Q: If C = 0.0001Q2 + 3Q + 6000 is a total-cost function, find the marginal cost when Q = 100.

A: Marginal cost is the cost of the last unit produced, and it is a change in total cost for the last…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: Hi, thanks for the question. Since there is multiple subparts, I will answer for the first question.…

Q: The cost of producing x units of stuffed alligator toys is c(x) = 0.003x² + 6x + 6000. Find the…

A: Cost is the monetary and non-monetary expenditure incurred by the producer for a given amount of…

Q: A firm has found from past experience that its profit in terms of number of unit X produces is given…

A: Profit a refers to the difference between total revenue and total cost. Profit per unit of product…

Q: A company has the following cost functions in the short run, where the production level, Q ,  is…

A: During the period of short-run, there are two sorts of cost experienced by the business firm:  fixed…

Q: 1. Find contingent demand functions and cost functions for the following production functions: i. q…

A: Since you have posted multiple question, but we are bound to solve only first question. Given…

Q: Given the total cost of producing x items is given by the function C(x) = 0.001x3 + 0.025x2 + 3x +…

A: Marginal cost of production is the change in total cost of production that comes from making or…

Q: Given the cost function ,  TC = 4q2 + 9 - calculte marginal cost ?

A: Marginal cost is the cost incurred when producing one additional output.

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: "he cost of producing x teddy bears per day at the Cuddly Companion Co. is calculated by their…

A: The answer to the question are as follows :

Q: The cost function for producing x items is C(x)=x2-3x+625. a.Find the average cost function. b.What…

A: According to guidelines, first 3 subparts needs to be answered. Average cost is total cost divided…

Q: Consider a simple three-step manufacturing process as illustrated in the figure given. Assuming the…

A: Demand is a monetary guideline alluding to a purchaser's craving to buy labor and products and…

Q: 50,000-qg %3D 25,000 for 0 <a< 50, 000 Suppose that the cost function for the product is given by…

A: Profit is the collective earnings of a firm, adjusted for cost.  Profit = Total Revenue - Total Cost

Q: Production Function: q=32n+2nl+16l n is the size of net l is the hours of labor employed Total…

A: Given  Production function: q=32n+2nl+16l       ... (1) Total cost function: C=14+2n2+4l2        ...…

Q: The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The​…

A: Answer: Given, Marginal cost function: MCq=0.004q2-0.6q+620 Fixed cost= $8500 To find the marginal…

Q: In the following problem, c represents the average cost per unit, which is a function of the number…

A: Given: c=0.001q2-0.5q+50+7000/q q=15,q=25

Q: A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x +…

A: The profit is maximized where the MR=MC.

Q: Production Function: q=32n+2nl+16l n is the size of net l is the hours of labor employed Total…

A: Cost is the expenditure incurred in the production of goods and services. The cost is divided into…

Q: The weekly cost C of producing x units in a manufacturing process is given by  C(x) = 60x + 2250.…

A: The cot function i given as C(x) = 60x + 2250.

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