Suppose that the utility function for two products is given by U = xy', and the budget constraint is 3x+4y = 48. Find the values of x and y that maximize utility. %3D

Q: A company has found that the marginal cost​ (in thousands of​ dollars) to produce x central air…

A: Definition used-                    A cost function is integral to the marginal cost function.…

Q: They'll offer a variety of chips from that factory, and they'll have to figure out how much capacity…

A: Here Phoenix is a brand-new architecture created just for 7 nm technology, whereas RedDragon is the…

Q: Assume that it costs a manufacturer approximately C(x) = 1,058,000 + 340x + 0.0005x2 dollars to…

A:

Q: 2. a.) What comhination of goods rand y should a firm produce to minimize costs when the joint cost…

A:

Q: Island A is 2 miles due east of its closest point on Island B. Thegroup is staying at a temple on…

A: Let they have to walk x miles before flying. We sketch the situation roughly.

Q: Find the cost function for marginal cost function. C′(x) = 3x - 1, fixed cost is $3

A: C′(x) = 3x - 1, fixed cost is $3

Q: 15, Find a) fxedx b). dx using the substitution of x- cost.

A: We have to evaluate the integrals

Q: If consumption is $3.7 billion when income is $1 billion and if the marginal propensity to consume…

A:

Q: A company produces two products. After considering all cost, the company profit (in RM) is given by…

A:

Q: 9. Suppose our cost function is given as C(q) =q³ – 10q? + 80q. a. Which level of output, q,…

A: In this question we have to minimizes average cost and marginal cost.

Q: Suppose that the marginal propensity to consume is   dC dy = 0.02 +  ln(y + 1) y + 1      (in…

A: Given: The marginal propensity to consume is dCdy=0.02+lny+1y+1. Calculation: Solve the differential…

Q: Suppose that the cost (in dollars) for a company to produce x pairs of a new line of jeans is C(x) =…

A: Explanation of the solution is given below...

Q: Suppose that the total revenue function is given by R(x) = 47x and that the total cost function is…

A: Given data: The given revenue function is R(x)=47x. The given cost function is C(x)=70+29x+0.1x2.…

Q: A power line is to be constructed from a power station at point A to an island at point C, which is…

A: We have to find the distance SA.

Q: Suppose that a company needs 5 x 10,000 items during a year and that preparation costs are $5 for…

A: Given that: Demand (D) = 50,000 Cost per unit(C) = $3 Order quantity(Q) = x Cost of preparation(S) =…

Q: Suppose a corporation manufactures candles at two locations. The cost of producing *1units at…

A:

Q: If the national consumption function is given by C(y) = 6(y + 6)/2 + 0.4y + 1 %3D where is the…

A:

Q: A company named FoodEX produces 200 kg of a feed composition consisting of two ingredients y1 and…

A: From the given information. The total feed is 200kg. The cost of ingredient y1 is Rs. 6 per kg and…

Q: The price elasticity of demand E(q) for a given product equals 3p2/p2 + 4 where E(q) = p/q q′. Show…

A: Given: The price elasticity demand function:

Q: Suppose shop A sells q chocolates for q^2+2q dollars whereas the price per chocolate in shop B is 10…

A: Suppose there are q chocolates we purchase from shop A and shop B, then follow the steps shown…

Q: a manufacturer finds that for the first 500 units of its product that are produced and sold, the…

A: Let x be the number of additional units produced beyond 500 units.  Therefore total profit p =…

Q: The marginal cost function for a company is given by C'(q)=q^2-14q+70dollars/units, where q is the…

A: Given C'(q)=q2-14q+70 and  C(0)=700

Q: 1. When the fixed cost of producing x units of steel is C(0) = $5500 and its marginal cost is C'(x)…

A: As per the rules we can answer only the first question.

Q: Given the cost function C(x) = 5x - 11x + 13x +8, find the minimum marginal cost. %3D

A:

Q: Find the cost function for x items with marginal cost function

A: If C is the cost function and MC is the marginal cost function then MC = dC/dx = C'(x)

Q: Suppose that one factory inputs its goods from two different plants, A and B, with different costs,…

A:

Q: At the beginning of year 1, a new machine must be purchased at the cost of 130K TL. The cost of…

A: In the given scenario, there are eight possible ways to purchase and maintain the machine regardless…

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A: The preparation for production costs $500. The cost of producing 1 item is $24 to produce each item…

Q: With fixed costs of Ksh. 400,000, a firm has average total costs of Ksh. 3,000 and average variable…

A: Average total cost= Average fixed cost + Average variable cost

Q: 2. Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 30Vx +…

A:

Q: A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of…

A: It is given thatA company needs 300,000 items per year.It costs the company$1,440 to prepare a…

Q: A firm has 2 plants with different functions: - Plant 1: MC = 30 + Q - Plant 2: MC = 20 + 2Q How to…

A: Let us take the outputs of plant1 as Q1 and outputs of plant 2 as Q2.  Then the required marginal…

Q: Suppose that cost for a particular product is calculated using the linear equation: Cost = 25 + 3D.…

A:

Q: Suppose that a company needs 1,200,000 items during a year and that preparation for each production…

A: Consider the provided statement. The preparation for production costs $500. The cost of producing…

Q: Your college newspaper, The Collegiate Investigator, has fixed production costs of $68 per edition…

A: The cost function is given by Cx=mx+b, where m is the marginal cost and ? is the fixed cost. Revenue…

Q: A rock formation is 3 miles due north of its closest point along a straight shoreline. A visitor is…

A: Given A rock formation is 3 miles due north of its closest point along a straight shoreline. A…

Q: 3. When x thousand dollars are spent on labor and y thousand dollars on equipment, the output of a…

A:

Q: A company has a marginal cost of $21 per item and it can produce 190 items for a total cost of…

A: A company has a marginal cost of $21 per item and it can produce 190 items for a total cost of…

Q: currently 40 chairs are produced monthly.   ​a) What is the current monthly​ cost? ​b) What is the…

A: Cost function

Q: Suppose that the marginal cost function of a handbag manufac C"(x) = 3 -x² – x + 200 32 Quotlent %3D…

A: I have stated the used formula in the solution.

Q: 23. Suppose that total national consumption is given by a C(x)=200–0.6x–0.05x0“, where x is the…

A:

Q: 5. Suppose that the marginal propensity to save is = 0.2 – (in billions of dollars) ds %3D dy 3y+7…

A:

Q: Consider the cost function C(x) C(x)=1,000+αx+14x2, where x is the number of product units. If the…

A: use differentiation for finding the value of alpha

Q: 4) Find the production level that minimizes the average cost per unit for the cost function C = 400…

A:

Q: 1) Suppose that the dollar cost of producing q extra-large pepperoni pizzas is C(q) = 2200 + 15q –…

A: Given:        Cq= 2200 + 15q - 0.125q2   To FIND; Marginal cost when 30 pizzas are produced…

Q: Two machines, A and B produce items at the rate of 50 units per hour and 40 units per hour j.…

A:

Q: Consider a problem of consumer with objective of minimizing expenditure on x and y, while…

A: