The minimum average cost occurs when the average cost is equal to the marginal cost.

Q: Suppose that the monthly marginal cost for smokejumper harness straps is MC production of 14 units…

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Q: Show that Cavg(x) is equal to the slope of the line through the origin and the point (x,C(x)) on the…

A: Given graph

Q: A manufacturer estimates that the cost of producing x items is C(x) = 250 + 3x + 0.001x2 a. Find the…

A: A manufacturer estimates that the cost of producing x items is…

Q: Suppose a product has a daily marginal revenue MR = 44 and a daily marginal cost MC = 20 + 1/5x…

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Q: A sugar refinery can produce x tons of sugar per week at a weekly cost of 0.1x2 + 3x+ 1690 dollars.…

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Q: Suppose that the marginal cost function of a handbag manufacturer is C'(x) = 0.046875x² - x+275…

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Q: Suppose that the fixed cost for a prod- uct is $400 and the break-even quantity is 80. Find the…

A: Fixed cost of the product = $400⇒C(x)=ax+400Let us take the profit function as⇒P(x)= bx+cAnd the…

Q: Let Cix) be the cost function and R(x) the revenue function. Compute the marginat cost, marginat…

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Q: marginal cost function.

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Q: Evaluate total cost function

A: (a) Consider the provided cost and revenue function, Cx=250x+4000  and  Rx=750x Find the total cost…

Q: Pregunta 13 Marginal profit is equal to marginal cost minus marginal revenue. True False

A: Marginal profit = marginal Revenue - Marginal Cost

Q: If the marginal revenue function for a manufactures product is MR =10(1+Q)´; find the demand…

A: Given: MR=101+Q-2 To find out: Demand function (P)

Q: he cost function for the manufacture of x number of goods by a company is C(x) = . Find the level of…

A: Given the cost function, the marginal cost (MC) equation is; C(x) = x3−9x2+24xdC(x)dx=3x2-18x+24

Q: Suppose that the fixed cost for a product is $360 and the break-even quantity is 60. Find the…

A: NOTE: Refresh your page if you can't see any equations. . let x=quantity  the variable cost is $a…

Q: If the daily marginal cost for a product is  MC = 4x + 140,  with fixed costs amounting to $800,…

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Q: It costs $4800 to produce 1295 items and it costs $4830 to produce 1305 items. What is the…

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Q: A company produces 300 widgets a day at a total cost of $8000 and 600 widgets a day at a total cost…

A: Fixed cost per widget is given by FC=Total fixed cost/total number of widgets That is…

Q: The marginal cost of a company is MC = 100 – 20x + x². 2006 and the fixed cost is The quantity that…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Prove that the production level (if any) at which average cost is smallest is a level at which the…

A: Prove that the production level (if any) at which average cost is smallest is a level at which the…

Q: find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

A: Find the linear cost function for an item with marginal cost of $120, and it costs 96,500 to produce…

Q: What is the minimum unit cost ?

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Q: Nanyang Eatery is located in a residential district and it is contemplating extending its…

A: Given: The table shows  Nanyang Eatery’s marginal cost of staying open later than 9pm  and also the…

Q: The RideEm Bicycles factory can produce 170 bicycles in a day at a total cost of $10,400. It can…

A: Given that, The RideEm Bicycles factory can produce 170 bicycles in a day at a total cost of…

Q: Fixed cost is the difference between total cost and total variable cost.  True or False

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Q: How would I find a cost function if only given the fixed cost and variable cost?

A: Cost function is obtained by the sum of fixed Cost and variable cost

Q: Determine the total cost function.

A: Total cost function from average cost function

Q: The marginal profit for a product is modeled by

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Q: A.) Calculate the Manginal revenue and Profit functions

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Q: The Company’s research department has provided the following estimates: A demand of 230 banquet…

A: Here we are given with two catering services. We have to give recommendation for  Which catering…

Q: (A) Find the exact cost of producing the 21st machine. Exact cost of 21st machine = (B) Use marginal…

A: Here n= 21 (No. of units) c(n)=c(21)=total cost of producing 21 machines c(n-1)=c(20)=total cost of…

Q: Assume that it costs a company approximately C(x) = 729,000 + 160x + 0.001x2 dollars to manufacture…

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Q: Suppose a product has a daily marginal revenue MR = 50 and a daily marginal cost MC = 30 +x, both in…

A: Given Data: The marginal revenue is: MR=50 The marginal cost is: MC=30+15x The fixed cost is:…

Q: Suppose that the marginal cost function of a handbag manufacturer is C'(x) = 0.046875x2 – x + 425…

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Q: A company has found that the marginal cost of a new production line (in thousands) is C'(x)=(9/x+e),…

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Q: Find the total cost of producing x items if fixed costs are $500 and marginal cost is 6x MC= 10+ x2…

A: We know that marginal cost function is the derivative of the total cost function, so the total cost…

Q: Company A is currently producing 25 units and their marginal profit function is 120 - . Find the…

A: Given: MP(x)=120−45xP(25)=3000

Q: If the daily marginal cost for a product is MC = 8x + 150, with fixed costs amounting to $500, find…

A: The marginal cost(MC) is given by, MC=C'x=dCdx  Where C(x) is the total cost function per day.…

Q: A manufacturer has a monthly fixed cost of $60,000 and a production cost of S10 for each unit…

A: The total cost for producing a good is the sum of fixed and variable cost. That is if b is the fixed…

Q: If the marginal cost for a product is  MC = 6x + 7  and the production of 10 units results in a…

A: The marginal cost function is obtained by taking the derivative of the total cost function with…

Q: If the daily marginal cost for a product is  MC = 2x + 110, with fixed costs amounting to $200,…

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Q: Find the marginal profit function.

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Q: The nondiscriminating pure monopolist's demand curve: Multiple Choice is identical to its marginal…

A: The nondiscriminating pure monopolist's demand curve is identical to its marginal revenue curve.

Q: A product can be produced at a total cost of C(x) = 500 + 100x² + x³ dollars, where x is the number…

A: Solved below.

Q: Suppose that the fixed cost for a product is $650 and the break-even quantity is 25. Find the…

A: Given :-  fixed cost $650  Break even quantity is $25   To find :- Marginal profit

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

A: Given Marginal cost (m)=$120 700 Items cost $96,500

Q: If the marginal cost of producing x units of a commodity is given by C' (r) = 0.3r2 + 2.r and the…

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Q: If the marginal revenue function for a manufacturer's product is dr = 2000 – 20q – 3q² dq Find the…

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Q: The total cost (in dollars) of producing x coffee machines is C(x) = 1800 + 60x – 0.6x². II (A) Find…

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Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.