Problem 1. Marginal Cost and Revenue Imagine a company, Geneseo Widget Works, that makes widgets. Suppose the cost (in dollars) of making w widgets, C(w, is C(w) (1000 + 2w)/ w Economists call the derivative of cost with respect to number of widgets, C'íw), the marginal cost. Question 1. What is Geneseo Widget Works' marginal cost function? At any given production level, w, C(w) is basically the additional cost of making one more widget, ie, of increasing production from w widgets to w+1. Question 2. If Geneseo Widget Works makes 10 widgets, what is the marginal cost, i.e., the added cost of making an 11th widget? Suppose the demand for widgets is such that the revenue (in dollars) that Geneseo Widget Works can make from w widgets is R/w) 2000-(w/1014 Economists call the derivative of revenue with respect to number of widgets the marginal revenue. Analogous to marginal cost, marginal revenue is basically how much additional money Geneseo Widget Works can earn by selling one more widget. Question 3. What is Geneseo Widget Works' marginal revenue function?

Q: answer the following 2  Suppose the weekly marginal revenue function for selling x units of a…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: S/dy = 0.2 + e−1.5y      (i

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Q: If consumption is $6.7 billion when income is $1 billion and if the marginal propensity to consume…

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Q: Suppose that the marginal propensity to consume is   dC dy = 0.4 − e−2y     (in billions of…

A: Answer:  C(y)=0.4y+12e-2y+4.9

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A: The demand equation is: x=10p50-pp  ;                   (0&lt;p≤50)

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A: consumption= $3 billion disposable income= $0 ds/dy= 0.8+e^-(1.5y)

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A: If consumption is $2 billion when disposable income is $0, and if the marginal propensity to save is…

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A: We have to find demand function , revenue function ,marginal revenue function and profit function.

Q: If consumption is $3 billion when disposable income is $0 and if the marginal propensity to consume…

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Q: If consumption is $3 billion when disposable income is $0, and if the marginal propensity ds = 0.1 +…

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A: Given that :dSdy=0.24 S(0)=$8.5 billion

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Q: If consumption is $9 billion when disposable income is $0 and if the marginal propensity to consume…

A: Given C(0) = 9dCdY=11+Y+0.3

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A: As per the guidelines, we are supposed to answer only one question. I request you to kindly repost…

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Q: Question 7 A company's marginal cost function is 1 MC(r) = (2r + 1)(z+ 1) 2r+1 I+ The company's cost…

A: Explanation of the answer is as follows

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Q: If consumption is $3.9 billion when income is $1 billion and if the marginal propensity to consume…

A: given,       dCdy=0.5+0.2y

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A: Given that, C'Y=0.8+0.1Y-0.5

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Q: If consumption is $2 billion when disposable income is $0, and if the marginal propensity to save is…

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Q: If consumption is $5 billion when disposable income is $0 and if the marginal propensity to consume…

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Q: Suppose that the marginal propensity to consume is   dC/dy = 0.6 − e−2y     (in billions of…

A: Marginal propensity to consume is: dCdy=0.6-e-2y Also: C(0)=5.5

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A: Given that, Where x is the number of unit sold.

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Q: Suppose that the marginal propensity to consume is   dC dy = 0.5 − e−0.5y      (in billions of…

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Q: If consumption is $3.9 billion when income is $1 billion and if the marginal propensity to consume…

A: The marginal propensity to consume is dCdy=0.5+0.2y

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A: Relative rate of change of function is c'(t)/c(t)

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A: To find marginal cost we have to differentiate given cost function.

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A: I am attaching image so that you understand each and every step. Please attention on questions…

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A: This is Separable differential equation

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A: Consider the following: dsdy=0.20C=$5.35 billionDisposable income=$0Find National consumption…

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Q: B In Problems 21-28, find the indicated function if cost and revenue are given by C(x) respectively.…

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A: It is asked to find the number of units need to be ordered for having minimum order cost.

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.