(iv) How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to maximize his profits. (b) A firm has an average cost function 125 q? A(q) = +: 4. 16 where q is the firm's output. (1) Determine the level of output for average costs are minimum. (ii) Hence determine the range of values for which average costs are decreasing.

Q: firm's average cost (AC) per unit of output depends on the number of hours of skilled labor (S) and…

A: AC = 3S2+2U2- 2SU-2S-6U+20

Q: The marginal cost of drilling an oil well depends on the depth at which you are drilling; drilling…

A: The cost structure of a firm determines its profitability. It helps the firm in deciding how much…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x)= 70,000 + 800x. (A) Find the…

A: Answer to the question is as follows:

Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Variable cost = Total cost- Fixed cost Average variable cost = Variable cost / Quanity produced

Q: total profit is

A: Total Variable Cost = Average Variable Cost * Output Variable cost = $3 * 1000 = $3000 Total Fixed…

Q: The profit function of a company is P(x) =x*-x³ + 3025 x², the output that maximizes the profit is…

A: A firm's main objective is always to maximize its profit. The firm maximizes its profit by producing…

Q: Q (6) If the average cost function for a particular economic project is as follows, find: a. The…

A: Marginal cost is the additional cost that is incurred in the production of additional units of the…

Q: A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to produce each…

A: The cost function is a summation of the fixed and the variable cost involved in producing one unit…

Q: $5,000 per month. Variable cost at the current evel of output of 100 tables per month is $10,0 Which…

A: A variable cost is a corporate expense that changes in proportion to how much a company produces or…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 40,000 + 300x. (A) Find…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is…

A: Note: Since more than 3 sub-questions are asked, due to Bartleby policy we are allowed to answer not…

Q: A factory makes bicycle tires. The cost, C, in dollars and revenuue in dollars, R, are both…

A: Costs are the expenses that a firm incurs in the form of purchase of inputs to produce goods and…

Q: A manufacture has been selling 1000 television sets a week at $360 each. A market survey indicates…

A: Given information:- Total quantity sold- 1000 television sets per week Per unit price- $360 Rebate…

Q: The total cost C for a manufacturer during a given time period is a function of the number N of…

A: Slope = 20 Initial Value = $1020 Formula  Total Cost = Fixed Cost + Variable Cost  Total Cost = 1000…

Q: A small plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so…

A: Costing is a critical component of running a business. We usually divide the cost of any…

Q: A firm estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…

A: Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2.5*L + $2*K + $.75*F. w =…

Q: If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of…

A: Marginal cost is the additional cost incurred with an additional unit produced.

Q: Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O…

A: Costs represent the expenses that firms incur during their production activities. A firm incurs…

Q: A musical Disc is being produced by a music recording studio, and the company estimates that it will…

A: Answer: Given, Fixed cost (FC)=$100,000Variable cost per unit (VC)=$6.75 per unitPrice of disc…

Q: Suppose that a manufacturer of widgets has fixed costs of $1000 per month and that the variable cost…

A: A linear equation is a mathematical equation of degree one that yields a line on the cartesian plane…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: If the fixed cost of producing output Y is P150,000, variable cost is P300 per unit and the price of…

A: Introduction Fixed cost = P 150,000 Variable cost = P 300 per unit Price = P 600 per unit Production…

Q: A certain seed and fertilizer company compiled the following estimates for its operations. Capacity…

A: Given data: Sales ​$121,800 Total variable cost $51,156 Total cost 92,356…

Q: A specialty bicycle manufacturer has determined the cost function for manufacturing is given by C(x)…

A: Total cost is the sum of fixed cost and variable cost. And marginal cost refers to the cost which is…

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

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Total cost TC = 1500  Fixed cost FC = 900  Varibale cost = Total cost - fixed cost

Q: C&A Fast Food has four activities in serving a customer: greet customer, take order, process order,…

A: The bottleneck activity, which has the longest processing time out of the four, will decide the…

Q: A company manufactures and sells book-cases .The selling price is $54.90 per book case.The total…

A: a. For total q units sold, Total Revenue (TR) is given by, TR=54.90q b. Given total cost (TC) is…

Q: Ouput Total Cost 0 $ 10 1 20 2 28 3 38 4 53 5 73 6 98   Refer to the provided table. The total…

A: Variable cost are the cost which is variable in nature by changing this factor we increases and…

Q: A technology firm has determined that their lowest total cost production technology is $880. If…

A: The lowest total cost of production technology is $880 The machines cost is $100 The company has…

Q: MC ATC AVC 10 20 30 40 50 60 70 80 90 100 Quantity (gallons of ice cream per hour) As illustrated in…

A: Total variable cost(TVC) is the cost(C) which includes variable costs(VC) that can change in the…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 30,000 + 200x. (A) Find…

A: Total cost : C(X)= 30000+ 200x Average cost is given by : total cost / output So in the above…

Q: Given the following cost functions: TC=100+60Q-3Q2+0.1Q3 TC=100+ 60Q+3Q2 TC=100 + 60Q In each…

A: TC=100+60Q-3Q2+0.1Q3 AC=TC/Q= 100/Q+60-3Q+0.1Q2 In this case FC= 100 VC= 60Q-3Q2+0.1Q3 AVC=VC/Q=…

Q: 3. Minimize the following total cost function: TC =Q3 – 10Q2 + 48Q + 46.

A: Given  Total cost function TC=Q33-10Q2+48Q+46           ......(1) We will use application of…

Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…

A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…

Q: Leonard Presby, Inc., has an annual demand rate of 1,000units but can produce at an average…

A: It is given that the annual demand rate is 1,000 units and average production rate is 2,000 units.…

Q: Which of the following cost behavior assumptions is false? (You may select morethan one answer.)a.…

A: The cost behavior assumption “variable cost per unit increases as the activity increases” is a false…

Q: a company makes coffee mugs it costs them $8 per mug to make the mugs in addition to their daily…

A: The profit that the firm earns can be calculated by subtracting the total cost from the total…

Q: Assume: A firm pays $500 for a unit of capital. This capital generates $500 of total revenue. The…

A: Explicit cost is fixed and variable costs of making a decision. Implicit cost is the opportunity…

Q: Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and…

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

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: When the production starts, the value of Total fixed cost is 0 True/False

A: # The value of total cost is given by combining together the fixed costs and the variable costs…

Q: A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x +…

A: The profit is maximized where the MR=MC.

Q: A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per…

A: Given: Price at which quantity sold = 2 TC= (1000 + 250) = 1250

Q: The HAC at Humberview has decided to sell Gatorade to raise money.  The demand function is described…

A: Profit is maximized where marginal revenue equal to marginal cost.

Q: Suppose a company has fixed costs of $300 and variable costs of 3/4 x+1460 dollars per unit, where x…

A: Hey, Thank you for the question. According to our policy, we can only answer up to 3 sub-parts per…

Q: A manufacturer assembles personal computers. If the computers are priced at £1,000 each, the company…

A: Given information: At a price of 1000, sales are 30 units At a price of 800, sales are 50 units The…

Q: The weekly cost C of producing x units in a manufacturing process is given by  C(x) = 60x + 2250.…

A: The cot function i given as C(x) = 60x + 2250.

Q: d. Show that the cost function is non-decreasing in w,r and q.

A: Cost function is non- decreasing in w, r and q

Q: c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How…

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

Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost?  What…

A: Ans. The cost minimization level of output is 175 units.