Find the average cost function if cost and revenue are given by C(x) = 127 + 8.6x and R(x) = 3x-0.04x. The average cost function is C(x) =| .

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

A: Average cost measures the per unit cost of production.

Q: When average total cost is at its minimum a.marginal cost is equal to average fixed cost. b.average…

A:

Q: A _ total cost function implies that marginal costs _as output is increased. 1 linear,increase…

A: The marginal cost occurs for the firm to make one more additional unit of production by using a…

Q: Average total cost is equal to:

A: Total cost is the sum of total variable cost and total fixed cost i.e., TC = TVC + TFC Total cost…

Q: where is the explanation of the new optimal profit if total costs rise to $353?

A: According to Bartleby guidelines we answer only one question per session and hence the last tutor…

Q: Find total cost if fixed cost and variable cost are $300 and $100 respectively

A: The data presented in the question above is:- Fixed cost of firm = $300 Variable cost of firm = $100…

Q: increasing, decreasing, or constant returns to scale.

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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 daily cost function for producing x printers for home computers was determined to be C(x) = x²…

A: Given  TC = C (x) = x2 + 8x + 6000

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: Find the minimum value of the average cost for the given cost function on the given intervals. C(x)…

A: (a) C(x) =x3+28x+128minimum value of the average cost over the interval 1≤x≤10Finding out average…

Q: Suppose a laptop manufacturer has the given total cost function and the given total revenue…

A: Here, total cost function and total revenue function are given as: C(x) = 200x + 8000  R(x) = 500x…

Q: A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100, average…

A: Given: Total Cost = $1000 Fixed Cost = $100 Output = 300 units.

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: Find the average fixed cost when the total fixed cost is 156 and the number of quantity is 12 units?

A:

Q: Consider the following cost function: C(Q)=9,300+44Q+0.025Q 2 Calculate total costs when Q=180

A: The cost function calculates the lowest possible cost of manufacturing a specified quantity of…

Q: If the total quantity is 100, the average fixed cost is 10, then we can say that the total fixed…

A: Fixed cost is that cost which remains the same irrespective of the quantity produced by the firm.

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: A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100, average…

A: Cost: It refers to the value of goods or services in the terms of money.

Q: If the production function of a firm is P = 60kl, where the price per unit of input k is $10 and I…

A: Production function of a firm : P = 60kl Price of per unit of k : r=$10 Price of per unit of l :…

Q: Based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 18

A: Fixed costs refer to the expenses that are incurred for the production of goods that would remain…

Q: A study of 86 savings and loan associations in six northwestern states yielded the following cost…

A: Ans. To evaluate the variables that are statistically significant in explaining the variations is…

Q: Which of the following best describes total fixed cost?a.The change in total cost when one…

A: Cost in the domain of accounting, the overall costs for a business may be classified into different…

Q: Average fixed cost is 0 at zero level of output True/False

A: # Average fixed cost is given by the ratio of total fixed cost and total quantity.

Q: The average cost function is:- 3Q² - 14Q + 20 Find the total cost function

A: The information being given is:- We are given with the average cost function:- 3Q² - 14Q + 20 We…

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

A:

Q: For the cost function C(Q) = 100 - 20 - 30, the total variable cost of producing 2 units of output…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Q (1) If the total costs function of a particular economic project is as follows: Required: Find the…

A: Given:  Total Cost = 35+40Q

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: Determine the average cost function.

A: Cost is a function of the quantity produced. It measured the total cost of producing a given level…

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: Which of the following statements is correct? Multiple Choice ___ Marginal cost is the change in…

A: Marginal cost is defined as the extra coat a firm incurs by employing an extra unit of input.

Q: Write the MC function if the total cost function is TC = 100 + 120q + q^2

A: Given the total cost: TC = 100 + 120q + q2 MC = dTCdq

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: Find the average cost function if cost and revenue are given by C(x) = 170 + 3.6x and R(x) = 5x –…

A: Average cost refers to the cost (AC) per unit. The average cost function can be derived as follows.

Q: If a firm’s total cost function is given by the formula: TC = 400,000 + 4Q, where the fixed costs…

A: Here, given information is: Total cost function: TC = 400,000 + 4Q Fixed cost on plant and…

Q: A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is…

A: We have the following information- Fixed cost = $25,000Variable cost function, V(x) = 0.000001x3 -…

Q: if average variable cost is 15, and total variable cost is 180 and total fixed cost are * 120, then…

A: The fixed costs do not change (remain constant) with the change in the quantity of output and the…

Q: A small business can produce a maximum of 43 of its product per month and sell them for $7 each. The…

A: Given information: A small business can produce a maximum of 43 units of its product per month, and…

Q: based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 1

A: Fixe cost does not vary with the output

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

A: Note: You have uploaded multiple questions at a time. Hence, we shall answer only the first one for…