The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0,12]; C, R are both measured in Euros a) Make a value table for both functions for x = 0, 2.4.6. 8. 10, 12 and mark the two functions n uhe graph below. b) What are the fixed costs for this production? c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer and calculate the profit for this quantity. Mark this point in the graph.

The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0,12]; C, R are both measured in Euros a) Make a value table for both functions for x = 0, 2.4.6. 8. 10, 12 and mark the two functions n uhe graph below. b) What are the fixed costs for this production? c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer and calculate the profit for this quantity. Mark this point in the graph.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter10: Cost Functions

Section: Chapter Questions

Problem 10.7P

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Hello,

Please answer the question completely and correctly except A)

Thanks

Mahboob

c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what
The cost for producing cleaning robots is given by the following function: C(x) =xR-12x+59x *2200
The revenue function for this product is: R(x) = -6x2 +150x
X: number of robots, Domain x e [0, 12]: C, R are both measured in Euros
a) Make a value table for both functions for x = 0.2.4.6. 8. 10, 12 and mark the two functions n ue
graph below.
b) What are the fixed costs for this production?
is their amount?
a) Calculate the break-even points and mark them on the cost and revenue function.
e) Calculate the profit function and mark it in the graph.
For what quantity x do you get maximum profit? Round the units to the nearest integer ana
calculate the profit for this quantity. Mark this point in the graph.

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