Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x - 0.08x.

Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the…

A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

Q: A food truck gyro vendor has weekly fixed costs of ​$550​, and variable costs of $4.55 for each gyro…

A: Cost is the sum of fixed cost and variable cost

Q: The inverse demand function and cost function is given by P= 50-2Q and C = 10+2Q Calculate the total…

A: Demand function, P = 50 -2Q Cost function , C= 10 +2Q

Q: Find the average cost function if cost and revenue are given by C(x) = 127 + 8.6x and R(x) =…

A: Given cost function:- C(x) = 127 + 8.6x x = units of output produced

Q: Find economic profit if total revenue is $4000 , explicit cost is $700 and implicit cost is $500

A: The data presented in the question above is:- Total revenue = $4000 Explicit cost = $700 Implicit…

Q: If Total Revenue = 25Q-2Q^2, graph the Total Revenue function and using the average cost function,…

A: By putting the different values of the quantity in the total revenue function we will get the total…

Q: For a certain production process, fixed costs are $60,000. Variable costs are $30 per unit of…

A:

Q: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: 1. Find fixed cost 2. find…

A: Cost of production occurs while producing goods and services in the economy. The production of these…

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

A: Given data: Cx=700+5x+0.04x2

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: Consider the total cost function, TC = 25 + 6Q - 5Q^2 + 6Q^3 Find the marginal cost (MC) at Q= 6.

A: The total cost function is,  TC = 25 + 6Q - 5Q2 + 6Q3 Marginal Cost (MC) is defined as the change in…

Q: Find the marginal cost function. C(x) = 174 + 1.7x The marginal cost function is C'(x) = ||.

A: The cost function is: C(x) = 174+1.7x

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: Suppose that the total cost function of a firm is TC = 1000 + 10Q2 c) At the minimum output, what is…

A: The given total cost function is, TC=1,000+10Q2 At the minimum output, the average cost incurred by…

Q: A firm's total cost function is c(y) = y² + (a +ß)y + 100ß. p = $50. Find the best output level, y*.

A: Given  Cost function: c(y)=y2+(α+β)y+100β           ..... (1) Price p =$50 We have to find the best…

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: Find the average cost function for each firm

A: Total cost is the expenditure that is incurred in the production of goods and services. It is the…

Q: Find the marginal cost function. C(x) = 174 + 1.7x The marginal cost function is C'(x) = ||:

A: The total cost function is: Cx=174+1.7x

Q: The level of output where a straight line drawn from the origin is tangent to the total cost curve…

A: # Total cost curve shows the relationship between the quantity of production and the total cost…

Q: When a firm is experiencing economies of scale, long-run Group of answer choices average total cost…

A: Economies of scale is a situation in economy where the organizations or firms are able to produce…

Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

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: s. Given the total profit and the fixed cost TFC is 40, variable cost are chen the total revenue…

A: Revenue is equal to the number of units sold times the price per unit. To obtain the revenue…

Q: Given the following Cost Function: C(q) = 100 + 50q – 10q + q^3. Find the equations for Total…

A: Total variable cost (TVC) is that cost which changes as the level of output changes. Eg: Piece…

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: 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: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the fixed cost is (ii)…

A: If the cost function of a firm is given as: C(q): 200+5q One can identify other cost function as…

Q: The reason the marginal cost curve eventually increases as output increases for the typical firm is…

A: The marginal cost of production is the difference in total production costs caused by adding one…

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: Suppose the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals A.…

A: According to the given questions The short run cost function is a function which simple word is said…

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: Marginal cost is ________ average variable cost when ________. A) equal to; average total cost is…

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

Q: given the function c(x) = 100 + 8x + 0.1x^2 find the marginal profit At x = 50 if the price per unit…

A: given c(x) = 100 + 8x + 0.1x^2 x = 50 and price per unit (P)= 20

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: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the marginal cost is…

A: Answer: Given, Cq=200+5q (1). Marginal cost (MC): marginal cost refers to the addition to the total…

Q: what is the maximal profit

A: The total cost includes the all internal or external cost that incurred by producing the output. The…

Q: A profit-maximizing, perfectly competitive firm produces a single output from two inputs. The…

A: Profit function presented depicts the maximum amount of profit that would be earned for a particular…

Q: Find the total cost function C(Q) for each firm

A: Total cost is the expenditure that is incurred in the production of goods and services in an…

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: Find a maximum profit for a firm if its total revenue function is TR = 50Q - Q2 and its total cost…

A: Profit maximization occurs at the point where the Marginal revenue and Marginal cost are same.…

Q: An economist estimated that the cost function of a single-product firm is C(Q) = 100 + 20Q + 15 Q^2…

A: Given Data:Cost function, C(Q)=100+20Q+15Q2+10Q3

Q: A firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for…

A: Fixed Cost remains same at all levels of Output. Average Fixed Cost = Total Fixed Cost / Quantity

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…