Find the marginal cost, marginal revenue, and marginal profit functions. C(x) = 4x2;  R(x) = x3 + 5x + 14 marginal cost     marginal revenue     marginal profit     Find all values of x for which the marginal profit is zero. Interpret your answer. (Enter your answers as a comma-separated list.) x =

Q: If a firm faces the Marginal Cost schedule MC = 180 + 0.3Q2 and the MR schedule is MR = 540 = 0.6Q2…

A: A firm can maximize its profit by producing at an output where marginal revenue (MR) = marginal cost…

Q: Q5: If the marginal cost (MC) of a firm is a function of output, C'( Q) = 10e0.5Q , and if the fixed…

A: If we have the marginal cost function, we can integrate to find the total cost. MC= 10e0.5Q…

Q: Consider the following statements when answering this question: I. A firm's marginal cost curve does…

A: Marginal cost is the additional cost that occurs from the production of one additional unit of the…

Q: Suppose the firm achieves total revenue of $1,000 by selling 150 units while facing total costs of…

A: The marginal revenue must be compared to the marginal cost of production to know if the firm must…

Q: given by R(q)=−5q^2+800q , where R(q)is in dollars and qq is units sold. Find a numeric value for…

A: Marginal revenue is the additional revenue earned with an  extra unit sold.

Q: AP is increasing, is AP above (greater), below (less) or equal to MP? ________ chose one AP is…

A: The marginal product is basically the rate of change of product with respect to the quantity of the…

Q: Total revenue for producing 10 units of output is $5. Total revenue for producing 11 units of output…

A: Marginal revenue can be defined as the additional revenue with each unit change in quantity.…

Q: In a furniture market, if a furniture company is analyzing the short run total costs, one of the…

A: Here, it is given that a firm in the furniture market is analyzing its short-run total cost.…

Q: Consider a firm with the total cost function given by TC(Q) = 2Q² + 100. Choose all the correct…

A: Formula:- Marginal Utility=dTCdQAverage Utility=TCQwhere;TC= Total UtilityQ= Quantity

Q: Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x -…

A: Marginal profit function measures how much the profit changes when there is a unit change in the…

Q: [F] The profit function of a business firm is T = f(q) = -q³ + 6q² – 11q – 50. ,3 | (i) What output…

A: We have given the profit function i.e., π = -(1/3)q3 + 6q2 - 11q - 50 In order to find the value of…

Q: If marginal profit is negative what information can you infer about marginal cost and marginal…

A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…

Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i.…

A: Given: R(q) = 50q - q2C(q) = 15 + 10q   (i) Fixed cost is that component of total cost function that…

Q: Find the marginal cost, marginal revenue, and marginal profit functions. C(x) = 7x2;  R(x) = x3 +…

A: C(x) = 7x2 R(x) = x3 + 11x + 16

Q: The marginal cost curve of a firm is MC = 6y + y2 .

A: Answer: Given that:     The marginal cost curve of a firm is MC = 6y + y^2 . Total variable costs to…

Q: Refer to the figure below. Assuming the firm chooses the level of output that maximizes profit, what…

A: ‘Total cost’: ‘Total cost’ is the amount that includes all the expenses that are paid to produce a…

Q: The table shows the marginal cost C'00, the marginal revenue R'(x) for producing x items. The third…

A: Marginal cost(MC) is the addition to cost in producing one more unit of output. Marginal revenue(MR)…

Q: Find the marginal cost, marginal revenue, and marginal profit functions. C(x) = 4x; R(x) = x³ + 5x +…

A: Marginal cost is the additional cost incurred by a firm by producing one extra unit and the…

Q: A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total…

A: In business, the average total cost, or ATC, is the sum of all product costs divided by the volume…

Q: Consider the concepts of accounting profit and economic profit.  Suppose you are a consultant and…

A: Profit is the surplus value that is generated in a process of production, which usually accrues to…

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month.…

A: We are going to use single variable profit maximisation method to answer this question.

Q: construct two graphs lined up one on top of the other. The upper graph should reflect a total cost…

A: Total cost is the sum of fixed cost and variable cost.

Q: What is the difference between accounting profit and economic profit? Select one: a. Accounting…

A: Firms earn revenue with the help of the sale of the products that it produces. On the other hand, it…

Q: Rick's ski board factory has the Total Cost function: TC(Q)=0.02Q³ +300Q +200 where Q is the number…

A: The total cost function is the sum of the variable and the fixed cost. The variable cost is the cost…

Q: Suppose a firm's marginal cost is increasing as it produces more output. Then the firms is said to…

A: The excess cost that is incurred by the producer to make an additional unit of output is known as…

Q: Suppose that the cost, in dollars, for a company to produce x pairs of a new line of jeans is…

A: Given  Cost Function C(x)=7000+6x+0.01x^2+0.0002x^3

Q: Bob's lawn mowing service is a profit maximizingcompetitive firm. Bob mows lawns for $27 each. His…

A: A competitive firm is one that is a price taker and can sell any quantity of goods at the given…

Q: curve II is the

A: In this figure there are three curves they are Total cost, Total fixed cost and Total variable cost.

Q: Suppose a firm faces a cost function of C = 8 + 4q + q^2, so that its marginal cost is MC=4 + 2q. a)…

A:

Q: For the pizza seller whose marginal, average variable, and average total cost curves are shown in…

A: In the given market, price is constant so it will be equal to marginal revenue. At profit…

Q: The difference between economic profit and accounting profit is that economic profit is calculated…

A: Economic profit is reffered as the total revenue of the firm (from sales) minus the costs of all…

Q: Bob's lawn mowing service is a profit maximizing, competitive firm. Bob mows lawns for $27 each. His…

A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same at all levels of…

Q: Should a company produce more goods when marginal revenue is greater than marginal costs? Explain.

A: Marginal Cost is the additional cost incurred in the production of additional unit of output.…

Q: Consider the graph below for a firm. At point T, we know that the firm K TC = Total Cost; Q=f(K, L);…

A: Here, given graph shows total cost line and isocost curve of a specfiic firm.

Q: The total cost function is C(q) = q³ – 59q² + 315q + 200 and the revenue function is R(q) = 1000q –…

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

Q: How many of the following statements are true? (i) Maximising profit involves maximising Revenue…

A: Profit maximization is the ultimate goal of the firm.

Q: Suppose Caroline runs a small business that manufactures shirts. Assume that the market for shirts…

A: In a competitive market firm is a price taker , and equilibrium point is acheived where MR = P = MC…

Q: Suppose that the marginal revenue for a product is MR=775 and the marginal cost is MC39sqrt(x+1),…

A: Given, Marginal revenue =MR = 775 Marginal cost = MC =39x+1 Fixed cost = $906 Output = x = 3 units…

Q: The graph of the total profit P(x) (in dollars) from the sale of x cordless electric screwdrivers is…

A: Profit function = Total Revenue - Total Cost

Q: Given Cost and Price​ (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900​, what is the marginal…

A: Marginal revenue refers to change in total revenue with respect to change in output.

Q: Let a linear cost function C(x) = 21.95 + 1400 and a linear revenue function R(x) = 20x. What is the…

A: The cost function is, C(x) = 21.95x+1400 The marginal cost (MC) is the differentiation of the cost…

Q: If C(x) = 19,000 + 400x – 3.6x2 + 0.004x³ is the cost function and p(x) = 1,600 – 9x is the demand…

A: Given: TC(x)=19,000+400x-3.6x2+0.004x3 P(x)=1,600-9x Now, TR=P×Q TR=(1600-9x)x   (where x is…

Q: The following statement describes which source of low costs? “The more the firm has ever made, the…

A: Given :  The more the firm has ever made, the better it gets at making.

Q: Give two examples of explicit cost for a firm

A: COST: A loss is the amount of capital used to manufacture anything or provide a service and is…

Q: Consider the following table illustrating the production function of gadgets. Furthermore, suppose…

A: Answer to the question is as follows :

Q: Why is it reasonable to think of normal profit as a type of cost to the firm?

A: In the short run, firms usually try to temporarily shut down their operations when the prices are…

Q: Suppose a firm’s total cost curve is TC = 50Q2 + 10Q + 800 and marginal cost is MC = 100Q + 10. Find…

A: The marginal cost curve cuts the average cost curve and average variable cost at their respective…

Q: Which of the following statements correctly explains the average cost and the marginal cost of…

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