How does the average cost function illustrate a problem for small businesses?

Q: 4. The cost function for a commodity is given by Ctx) = 5-2x, what is the margiral average cost…

A: As per guideline we have to solve one question

Q: If variable costs increase, but price and fixed costs are held constant, the break even point will…

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Q: If two companies have the same marginal cost, is their total cost always/sometimes/never the same?…

A: Given: If two companies have the same marginal cost. Marginal cost: The marginal is the change in…

Q: If labor (x) costs $235 per unit, materials (y) cost $169 per unit, and capital (z) costs $60 per…

A: Given that: Labour costs $235 per unitMaterials y cost $169 per unitCapital z costs $60 per unit.

Q: Evaluate total cost function

A: (a) Consider the provided cost and revenue function, Cx=250x+4000  and  Rx=750x Find the total cost…

Q: b) Find the total cost if the marginal cost is MC 3e0.50 and fixed costs are 10.

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Q: Example 15. Find Average cost and Marginal cost, ifT=1000+ 100g – 10g? + q³.

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Q: Suppose that the fixed cost for a product is $360 and the break-even quantity is 60. Find the…

A: NOTE: Refresh your page if you can't see any equations. . let x=quantity  the variable cost is $a…

Q: The average ticket price for a concert at the opera house was $50. The average attendance was 3500.…

A: In order to minimise or maximise a quantity, derivative of that function is calculated and equated…

Q: It costs $4800 to produce 1295 items and it costs $4830 to produce 1305 items. What is the…

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Q: function.

A: We know revenue function R(q)=p*q=price*quantitywhere p=D(q)Therefore,R(q)=D(q)*qR(q)q=D(q)

Q: A company is planning to manufacture affordable graphing calculators. Fixed monthly cost will be…

A: (a) To find: The cost function C, of producing x object GC. Given: The Fixed monthly cost is $50,000…

Q: What is the per unit variable cost?

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Q: Total sales=28000, contribution rate=0.64. Find total variable costs.

A: We know the formula, Contribution rate = Cotribution per unitSelling price per unit, also we know…

Q: The margin of safety sales volume times the contribution margin ratio equals operating income. True…

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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: what is the total cost ?

A: According to our company guidelines we are supposed to answer only one question. 3) In this…

Q: The average ticket price for a concert at the opera house was $50. The average attendance was 4000.…

A: frame the problem on a simple graph . Then use the slope point formula to solve the problem.

Q: What is the minimum unit cost ?

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Q: You have to examine the relationship between the age and price for used cars sold in the last year…

A: We use R to do the derive a regression line for the given data.

Q: How are the cost, revenue, and profit functions related?

A: Cost is defined as the price of the commodity is being purchased by the firm. let take an example if…

Q: Fixed cost is the difference between total cost and total variable cost.  True or False

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Q: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

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Q: How would I find a cost function if only given the fixed cost and variable cost?

A: Cost function is obtained by the sum of fixed Cost and variable cost

Q: Determine the total cost function.

A: Total cost function from average cost function

Q: The marginal profit for a product is modeled by

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Q: A.) Calculate the Manginal revenue and Profit functions

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Q: How do you determine whether demand is inelastic?  elastic?  Describe what a corporation should do…

A: Let q = f (p), where q is the demand at a price p. Then, the elasticity of demand E is,

Q: The following table shows the cost of downloading songs from iTunes. What is the constant of…

A: The table given in the problem represents the total cost based on number of songs selected for…

Q: A firm has an average cost function 125 q2 A(q)= q +16−4. Write an equation for the total cost…

A: Consider the given average cost function as Aq=125q+q216-4. Since the average cost of q units is Aq,…

Q: Is the rate of change in cost constant with respect to the number of pencils bought? Explain.

A: Yes, the rate of change of cost is constant with the rate of change of pencil.

Q: Determine the price p (in dollars) that maximizes total revenue.

A: p R(p)=-5p^2+1000p 20 18000 40 32000 60 42000 80 48000 100 50000 120 48000 140 42000…

Q: How much variation in the level of sales can be accounted for by the level of costs?

A: Coefficient of determination is denoted by r2 and it explains how much % of variation in the…

Q: A company produces 1200 widgets a week at a total cost of $15,000 and 1800 widgets a week at a total…

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Q: Students at University of Wakanda will pay $2004 for 9 credits and $2796 for 15 credits. If the cost…

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Q: The total cost function is given by the fixed costs minus the variable costs. True False

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Q: The table below contains price-demand and total cost data for the production of treadmills, where p…

A: Given information: The data represents the values of the variables x = annual demand of treadmills,…

Q: Given cost function C(q) = q° - 125q + 25000q, what is the minimum average cost? It would be $ per…

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Q: Find the marginal profit function.

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Q: If the cost function is C(x)=4√x + x3, find the average cost function.

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Q: the total cost function for a product is C(x)= 300+8x+0.03x2 dollars. Find the minimum average cost

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Q: A manufacturer has a monthly fixed cost of $36,000 and a production cost of $7 for each unit…

A: Part a)Formula for profit function:

Q: Describe a cost function for a business venture. What are the two kinds of costs that are modeled by…

A: Suppose that G Company produces and sell "h" units of a product Its revenue is the Money generated…

Q: Assume: the relationship between price and demand is linear • the cost function in linear Use your…

A: To calculate the marginal profit when the selling of toasters is 265 per week.

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: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

A: We will solve the problem

Q: What are the company's daily fixed costs (in dollars)? $     What is the marginal cost (in dollars)…

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Q: Show graphically and explain how large government budget deficits “crowd out” private investment

A: Government borrowing can reduce the financial capital available for private firms to invest in…