Suppose the cost function for a product is linear and the marginal costis $5. If the profit is $200 when 125 units are sold, a) write the equation of the cost function. b) Explain the marginal cost.

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 :

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

A: The total cost function comprises of variable costs and fixed costs. The fixed costs remain the same…

Q: Find total fixed cost if average fixed cost is $30 and output is 11

A: The information being given is:- Average fixed cost = $30  Output = 11 units  We have to calculate…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: The TC (total cost) demonstrates the sum of FC  (fixed cost) and the VC (variable cost). And the MC…

Q: The marginal cost function is MC = 100 – 20x + x², then the cost function is Select one: а. C(x) =…

A:

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

A: Given Information: cost function: C(x) = 40 + x2   * The marginal cost of a commodity is the cost of…

Q: A firm is producing 20 units with an average total cost of $25 and a marginal cost of $15. If it…

A: Average total cost is total cost divided by total output produced,  ATC = TC / Q Marginal cost is…

Q: The marginal cost curve: is a vertical line. generally rises at first and then declines as output…

A: Marginal cost is the cost of producing additional unit of output. The shape of marginal cost depends…

Q: An owner of a firm estimates that the average total cost is $6.71 and the marginal cost is $6.71 at…

A: The information given here indicates that the average total cost, as well as the marginal cost of…

Q: Cost is in dollars and x is the number of units. Find the marginal cost function. MC for the given…

A: Given data: Cx=700+5x+0.04x2

Q: If a cost function is C(q) = 2q3 - 6q2 + 20q • what is the fixed cost? What is the variable cost? •…

A: Economies of scale refers that when the cost per additional unit is decreasing due to increasing in…

Q: When the marginal product of labor diminishes average fixed cost rises average variable cost is…

A: Marginal product of labor is the additional output produced by employing an additional unit of…

Q: Find the marginal cost function. C(x) = 174 + 1.7x The marginal cost function is C'(x) = ||.

A: The cost function is: C(x) = 174+1.7x

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Answer to the question is as follows:

Q: The total cost of producing one unit is $50. The total cost of producing two units is $75. At a…

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

Q: A company is planning to manufacture mountain bikes. The fixed monthly cost will be S100,000 and it…

A: Given that fixed monthly cost for manufacturing mountain bikes is $100,000. Cost of each bicycle is…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: the cost to maintain inventory for the weather balloon is given by C (x)= (21500/x)+2.4x, where x is…

A: We are going to derive the Marginal cost expression and theory behind it to answer this question.

Q: Cost is in dollars and x is the number of units. Find the marginal cost function MC for the given…

A: Given, C(x) = 700 + 5x + 0.04x2

Q: For Questions 24 to 28, consider the following total cost function: TC = 0.2q° + 6q + 50 where TC is…

A: In a market, average total cost, marginal cost and other types of cost can be determined with the…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: The isoquant line shows the different combinations of factors of production required to produce a…

Q: For the cost function C(Q) = 500+12Q+4Q2+Q3, what is the marginal cost of producing the eighth unit…

A: Cost is a function of the quantity produced.  It measures the cost incurred in the production of…

Q: Find the marginal cost function. C(x) = 174 + 1.7x The marginal cost function is C'(x) = ||:

A: The total cost function is: Cx=174+1.7x

Q: The production function is y = min{x1 , x2} where x1 and x2 are the amounts of two inputs used. The…

A: Two goods are complements when they are consumed together in fixed proportion.

Q: ($/Unit) Marginal Cost Q1 Quantity (Units per time period) A) In the above diagram, marginal cost…

A: There is inverse relationship between marginal cost and marginal product due to applicability of law…

Q: A firm manufacture robots, for which $1000 machinary is used. The additional per unit cost is $100.…

A: Total cost is the sum of fixed cost and variable cost. Variable cost is a cost that varies with the…

Q: fisherman has a fixed cost of Rs.10 (his rod). The variable cost of his time is Rs.5 per hour. Graph…

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

Q: Explain the following statement by using a graphical analysis: “Shape of the short-run cost curves…

A: The shape of the short-run total cost (TC) curve is cubic and that of the average cost (AC) curve is…

Q: Which of the following cost curves is never U-shaped? a. the average fixed cost curve b. the…

A: The expenses that are being incurred for carrying out daily transactions of a business is being…

Q: The total cost function is : C= 2x3+4x2+2 Find the marginal cost of C?

A: Given: C= 2x3+4x2+2 Where, x is the number of units that has been produced.

Q: Suppose that the cost function of q is given by: C(q)=16+4q+q^2 (a) Find the fixed and variable…

A: The cost function is given as:C(q) = q2 + 4q + 16

Q: When a firm produces one unit, the variable cost is $3. When the firm produces two units, the…

A: The variable cost of the first unit = $3 The variable cost of the two units = $6

Q: What is the term for the change in total cost resulting from a one-unit increase in production?…

A: please find the answer below.

Q: The marginal cost of producing the xth box of DVDS is 15 + and the fixed cost is $100,000. Find the…

A:

Q: For Questions 24 to 28, consider the following total cost function: TC = 75 + 3q² where TC is total…

A: ("Since you have asked multiple questions, we will answer the first question for you. If you want…

Q: 1.  Marginal cost is calculated for a particular increase

A: We have found what is marginal cost.

Q: The average fixed cost curve a. always rises with increased levels of output b. declines as long as…

A: The average fixed cost is the per unit fixed cost incurred in the production process as it is…

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

Q: The cost, in dollars, of producing æ units of a certain item is given by C (z) = 5x – 4/7 – 1. Find…

A: Average cost (AC) is defined as the per unit cost of producing a commodity.  AC = TC/x

Q: Question 3 to the cost of producing the (x + 1)st item? Can you think of a cost function, so that…

A: Given, Cost Function = x  cost of producing the x + 1st item

Q: Marginal cost can be calculated both from total cost and total variable cost and is not affected by…

A: According to the given question The marginal cost is basically or initially considered as the slope…

Q: The cost curve for producing widgets passes through the following points and is piecewise linear in…

A: Costs are the expenses that firms incur in the production of goods and services.

Q: A firm is producing 20 units with an average total cost of $25 and a marginal cost of$15. If it were…

A: Average cost or ATC refers to the average cost of production of each unit. It is calculated as the…

Q: manufacturer!s total cost is C(x) = 0.1x3 - 0.25x2 + 300x + 100 dollars, where x is the level of…

A: We calculate the total cost with x=6 and x=6.1 and then see the difference. TC(6) = 0.1(6)3 -…

Q: Marginal cost equals None of the above are correct. total cost divided by quantity of output…

A: Marginal cost: The cost that is incurred on the production of an additional unit of output is…

Q: Referring to the cost table above, what is the Marginal Cost of increasing quantity produced from…

A: TC = Total cost  that is related to production. It is the sum of Fixed cost and Variable cost. TC =…

Q: an interest payment on a loan to a firm is an explicit or implicit cost?

A: The implicit cost is an indirect cost defined as the opportunity cost of utilizing a firm's…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: Given that: Production Function: q = f(K, L) where K is capital and L is labor. Wage for one…

Q: The unit price of a product is given by P(X) = 200 -  0,01X and the total cost function C(x) = 50X +…

A: Given : P(X) = 200 - 0.01X  C(x) = 50X + 20.000

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.