The total cost of a firm is TC(Q)=4Q2+6Q+34. Accordingly, its marginal cost is 2*4*Q+6 when its output is Q. Find the output level where the ATC is minimized.

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A: Given data: Marginal cost function, dcdq=1q+8 Fixed cost, FC=$4000

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A: Given the total cost function; C(Q) = 20 + 3Q2 Q = 10

Q: Q5: If the marginal cost (MC) of a firm is a function of output, C'( Q) = 10e0.5Q , and if the fixed…

A: If we have the marginal cost function, we can integrate to find the total cost. MC= 10e0.5Q…

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A: The profit is maximized where the P=MC.

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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Q: The total cost function of a firm is:- 23Q² - 13Q + 40 Find the average cost function

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Q: Consider the total cost function, TC = 25 + 6Q - 5Q^2 + 6Q^3 Find the marginal cost (MC) at Q= 6.

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Q: Normal profits are Multiple Choice   the profits reported by accountants on a firm's annual…

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Q: Consider the following cost function: C(Q)=9,300+44Q+0.025Q 2 Calculate total costs when Q=180

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Q: The cost to produce x units is given by C ( x ) = 0.03x2 + 8.8x + 1600 + 6.8 square root of x.  Find…

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Q: The cost function for the manufacture of x number of goods by a company is C(x) = x3-9x2+24x. Find…

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

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A: Fixed costs are costs that do not change when sales or production volumes increase or decrease.Fixed…

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

A: Costs are the expenses that firms have to incur in all of their production activities.

Q: Define the cost function c(w1,w2 ,y) =w1×1(w1,w2.y) + w2x2(w1,w2,y). Show that the cost function is…

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Q: A firm manufactures a commodity at two different factories, Factory X and Factory Y. The total cost…

A: C(x,y) =x2 + xy + 8y2 + 700x +y = 1800

Q: An economist estimated that the cost function of a single-product firm is C(Q) = 100 + 20Q + 15 Q^2…

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Q: 25) If a firm has the cost function C(q) = 5q² + 20q + 180 and the marginal cost function MC(q) =…

A: average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the…

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Q: A factory that you are managing has an hourly production process that can be represented by the…

A: Answer -

Q: Suppose a firm faces the following cost function: C(q) = 36 + 16q – 8g² + 2q%

A:

Q: Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase…

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Q: define total fixed costs

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Q: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the fixed cost is (ii)…

A: If the cost function of a firm is given as: C(q): 200+5q One can identify other cost function as…

Q: A Silicon Valley firm produces an output of microchips denoted by y and has a cost function c(y).…

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Q: suppose the cost function is given as C = 135 + 75Q – 15Q2 + Q3. Prepare a cost schedule (table)…

A:

Q: A factory that you are managing has an hourly production process that can be represented by the…

A:

Q: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the marginal cost is…

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Q: Find the total cost function C(Q) for each firm

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Q: At zero level of production, _______ cost is always zero

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Q: A firm has access to two production processes with the following marginal cost curves: MC1 = 0.6Q1…

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A: Total cost function  C(x) = 80x+150

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Q: An economist estimated that the cost function of a single-product firm is C(Q) = 100 + 20Q + 15 Q^2…

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A: Minimum Efficient scale is a point between economies of scale and diseconomies of scale.

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