Suppose the cost function is: C(q) = 88.9q + 20000 After you construct your average cost function, A(q) , find the average cost per item units have been produced. Your answer should be consistent with the plot below. Answer = $ per item (Round to the nearest penny) %3D

Q: For the given cost function C(x) = 72900 + 800x + x², First, find the average cost function. Use it…

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Q: b) Find the total cost if the marginal cost is MC 3e0.50 and fixed costs are 10.

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Q: Given cost function C(q) = q° - 130q +24000q, what is the minimum average cost? 3 It would be $ per…

A: Given function C(q)=q3-130q2+24000q. The objective is to find the minimum average cost.

Q: Suppose that the demand x (in units) for a product is x = 5,000 – 50p, where p dollars is the market…

A: Given expenditure is: E=5000p-50p2

Q: For the given cost function C(x) = 48400 + 400x + x², First, find the average cost function. Use it…

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

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Q: Given cost function C(q) = q° - 125q + 26000q, what is the minimum average cost? It would be $per…

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Q: If a manufacturer's average-cost function is 8000 e/800+450 find the marginal cost function. What is…

A: manufacturer’s average-cost function is given  We need to find the marginal cost function. To get…

Q: For the given cost function C(r) = 52900 + 600x + x² find: a) The production level that will…

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Q: Assume that the situation can be expressed as a linear cost function.  Marginal cost is $25; 190…

A: GIVEN: Marginal cost = $25

Q: A certain family in Sitio Bugayan opened a t-shirt business last year. The family started with 50…

A: Given the marginal cost function, M(x)=f(x)=x2-2x+3.

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

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Q: . For the cost function C(x) = 44100 + 700x + x2 (in dollars) where x is the number of units, find…

A: Average cost function is cost per unit

Q: For the given cost function C(x) = 10000 + 600x + x², First, find the average cost function. Use it…

A: Simply divide the cost function by number of units of production for the average cost function then…

Q: Find the consumers' surplus at a price level of p = $130 for the price-demand equation below. p=…

A: p=400-0.02xat p =130130=400-0.02x0.02x=270x=2700.02=13500x=13500TE=px =130(13500)TE=1755000

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Here we will find price p to maximise profit,

Q: It costs  $4829 to produce 1295 items and it costs 4849 to produce  1305 items. What is the…

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Q: For the given cost function C(x): 10000 + 800 + x², %3D First, find the average cost function. Use…

A: Topic=  Algebra

Q: If the marginal costs for the production of æ power drills can be modeled by the function C'(x) =…

A: Answer: The solution is given below:

Q: For the given cost function C(x)=25600+400x+x^2 First, find the average cost function. Use it to…

A: Explained below...

Q: A manufacture has been selling 1050 television sets a week at $510 each. A market survey indicates…

A: Here we solve the given problem.

Q: B. A blood scanner can be made for $200 each with the total cost to make 10 units being $7000. a)…

A: Given that each blood scanner can be made for $200. So, cost for 10 blood scanner=$200×10=$2,000 But…

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

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Q: Suppose the cost function is: C(q) = 64.5g + 11600 %3D Using your average cost function, A(q) , find…

A: Step:- 1 Average cost A(q) =variable cost quantity=C(q)q------ (1) Given that C(q)=64.5q+11600---(2)…

Q: Let the cost function be C(x)= x2 / 8 + 4x + 200 and the unit is sold at price of p = 49 - x dollars…

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Q: A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x,…

A: here given , A company is planning to manufacture snowboards. The fixed costs are $300 per day and…

Q: For the cost function C(x) = 720+4x + 0.02x² dollars and price function p(x) = 15 – 0.002x dollars,…

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Q: For the given cost function C(x) = 52900 + 300x + x² find: a) The cost at the production level 1350…

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

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

A: cost function C(x)= (marginal cost(m))*x + fixed cost(b) C(x)=mx+b

Q: Suppose the cost function is: C(q) = 95.8q + 13400 Using your average cost function, A(q) , find the…

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Q: Solve the problem. If the average cost function, i.e., the C(x) to produce x units of Raul brand of…

A: Given the average cost function is C(x) = (300/x) + 10. Substitute x = 1000 in C(x) = (300/x) + 10.

Q: Given the cost function, C(q) = q³ – 30q² + 7200q, Obtain the marginal cost function and determine…

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Q: Given cost function C(q) = q° - 125q + 25000q, what is the minimum average cost? It would be $ per…

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Q: For the given cost function C(x) = 48400 + 200x + x², First, find the average cost function. Use it…

A:

Q: Given cost function C(q)=q3−135q2+26000q​, what is the minimum average​ cost?   It would be ​$enter…

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Q: For the given cost function C(x) = 19600 + 800æ + a?, %3D First, find the average cost function. Use…

A: We have to find production level that minimizes average cost and minimum average cost.

Q: For the given cost function C'(x) = 52900 + 600x + x, First, find the average cost function. Use it…

A: Cost function C(x)=52900+600x+x2

Q: For the given cost function C(x) = 19600 + 600x + x, First, find the average cost function. Use it…

A:

Q: Suppose that the cost (in dollars) of manufacturing x items is approximated by the formula C2 = 2x +…

A: The cost of manufacturing x items is given by the following formula C2 = 2x+x2 To evaluate: The…

Q: For the given cost function C(x) = 48400 + 800x + x First, find the average cost function. Use it to…

A: Solve the following

Q: For the given cost function C(x) = 78400 + 400x + x² %3D First, find the average cost function. Use…

A: The cost function is given by: C(x)=78400+400x+x2

Q: Given a price-demand function P(x)=100−15x, calculate the average revenue when x=5. Do not include…

A: We have been given a price demand function as P(x) = 100-5x and we are supposed to find average…

Q: Given cost function C(q) = q° - 130q +26000q, what is the minimum average cost? It would be $ per…

A: The given cost function,   Cq=q3-130q2+26000q

Q: For the given cost function C(x) = 28900 + 300x + a?, First, find the average cost function. Use it…

A:

Q: Given cost function C(q) = q - 135q + 25000q, what is the minimum average cost? It would be $ per…

A: minimum value

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

A: We will solve the problem

Q: Given cost function C(q) = q° - 130q + 24000q, what is the minimum average cost? per item. (Round to…

A: The cost function Cq=q3-130q2+24000q

Q: For the given cost function C(x) = 14400+ 200x + x, First, find the average cost function. Use it to…

A: The Average Cost is the per unit cost of production obtained by dividing the total cost (TC) by the…