If the short-run total cost function for a firm is TC = 3,000+100Q, Given: TC = 3,000 + 100Q TC = 3000 + 100Q ATC = Q = 10 AC = TC / Q TC = 3000 + 100*10 = 4000 ATC = 4000/10 = 400 How do you calculate the marginal cost to the 10th unit?

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 :

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

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A: Average Cost (AC) function is given as:

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A: The answer to the question is as follows :

Q: Suppose that the cost function for a commodity is C(x) = 40 + x2 dollars. %3D (a) Find the marginal…

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A: Given  TC = C (x) = x2 + 8x + 6000

Q: 1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000.…

A: TVC = TC - TFC = 4,000 - 2,000 = $2,000

Q: The average cost function of a firm is:- 2Q² - 350 Find the total cost function

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A: Marginal cost refers to the additional cost of production incurred in the process of increasing…

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A: Given information: Total Cost  to produce 1 unit = $50 Total Cost  to produce 2 unit = $75

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A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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A:

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A: Marginal cost is nothing but the cost incurred to the firm when they want to produce additional unit…

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A: Costs are the expenses that firms have to incur in all of their production activities.

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

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Q: Suppose a firm produces 20 unit of output per month and has a total variable cost of R3000 per…

A: Here, given information is: Total output produced= 20 units Total variable cost per month= R3000…

Q: Total cost function is given as:- 3Q4 -5Q3 + 2Q2 + 16Q Calculate the marginal cost function

A: # We know that Marginal cost is given as:- MC = change in Total Cost / Change in quantity Thus it…

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A: Answer: Given, Total variable cost = $20 Total fixed cost = $100 Total cost = Total variable cost +…

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A:

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: A firm has an average cost function A(q)=125/q + q2/16 -4 where q is the firm′s output. (iv) Write…

A: Average cost = Total cost / Q

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

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Q: Given the Cobb Douglas Production Function of F(K,L) = AKtalphaLt(1-alpha) and assume that A = 3, t…

A: 1) F(K,L) = AKtalphaLt(1-alpha)  F(K,L) = 3K0.5L0.5 Let F(K,L) =Q   For short run minimum cost…

Q: How do you solve this and can you show me step by step?

A: The cost function of two plants can be expressed as follows.

Q: The total cost function of firm is TC = 60 + 6q. If the firm produce 10 units per day then calculate…

A: Below is the given function: Total cost, TC  = 60 + 6q Quantity = 10 units per day

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A:

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A: We will use total cost function to solve this question: Total Cost = Fixed Cost +Variable Cost

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Q: A firm can build a plant of three different sizes. The short-run average total cost curves of each…

A: Answer to the question is as follows :