The total cost of producing mobile phones can be represented by TC = 50 +2q. The MC of the 5th mobile is

Q: firm's average cost (AC) per unit of output depends on the number of hours of skilled labor (S) and…

A: AC = 3S2+2U2- 2SU-2S-6U+20

Q: A company's revenue is $1,600,000. Its explicit cost is $1,000,000 and its implicit cost is…

A: Implicit cost refers to the opportunity cost of the resources which is owned by the owner of the…

Q: A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: a bus which holds at most 45 people to go to an educational tour in a museum. The bus company…

A: Firms use the total cost function to compute their profits. The total cost function consists of…

Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Variable cost = Total cost- Fixed cost Average variable cost = Variable cost / Quanity produced

Q: For a certain production process, fixed costs are $60,000. Variable costs are $30 per unit of…

A:

Q: Referring to the cost table above, what is the average total cost if quantity produced equals 300…

A: Total cost of a firm is the cost incurred by the firm by producing a certain amount of output. The…

Q: A small business woman has realized that for one of her products, if the price per unit is GH¢20 she…

A: (i) An expression that relates price with output is the demand function which the business woman…

Q: The total cost C for a manufacturer during a given time period is a function of the number N of…

A: Slope = 20 Initial Value = $1020 Formula  Total Cost = Fixed Cost + Variable Cost  Total Cost = 1000…

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000 units

Q: A small plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so…

A: Costing is a critical component of running a business. We usually divide the cost of any…

Q: ABC Company has a product that sells for $400 per unit and its variable cost per unit is $260.…

A: Price for a product is equal to $ 400. Variable cost is a cost that varies with the level of output…

Q: Find fixed cost if output is 20 units and AFC is $21

A: Given information, Total output= 20 units Average fixed cost (AFC)= $21 To find: fixed cost

Q: A retailer determines that the cost of ordering and storing units of a product can be modeled by…

A: Given, C(x) = 3x + 20000/x where 0 is less than or equal to (x) and (x) less than or equal to 200…

Q: If C = 0.0001Q2 + 3Q + 6000 is a total-cost function, find the marginal cost when Q = 100.

A: Marginal cost is the cost of the last unit produced, and it is a change in total cost for the last…

Q: Suppose that a manufacturer of widgets has fixed costs of $1000 per month and that the variable cost…

A: A linear equation is a mathematical equation of degree one that yields a line on the cartesian plane…

Q: THE Blank 1: IS THE PER UNIT COST OF PRODUCTION OBTAINED BY DIVIDING THE TOTAL COST BY THE TOTAL…

A: It is the aggregate money expenditure caused by the firm on every one of the factors to produce a…

Q: Based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 18

A: Fixed costs refer to the expenses that are incurred for the production of goods that would remain…

Q: What is meant by a sunk cost? Give typical sunk costs for an IT project.

A: Sunk costs are a type of fixed costs and they do not change irrespective of the levels of…

Q: MC=500Q2√Q3+5 (b) Find the total cost function

A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…

Q: What is MC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: What will be the average fixed cost if TFC Is $350 and the output is 50 units

A: Fixed cost is the cost that remains fixed at all levels of output. This is the cost that is…

Q: The total cost function for a product is given by C(x) = 3x3-9x² -243x + 1229, where x is the number…

A: Given cost function C(X)=3X3-9X2-243X+1229TC should be 50000 at least

Q: Consider the following Total Cost function TC= 20 + 0.5 Q Assume Q = 10 How much the Average Total…

A: Average total cost is the aggregate of all cost that the firm incur to produce a batch of product…

Q: Total cost function is given as:- 3Q4 -5Q3 + 2Q2 + 16Q Calculate the marginal cost function

A: # We know that Marginal cost is given as:- MC = change in Total Cost / Change in quantity Thus it…

Q: The total cost of producing mobile phones can be represented by TC = 60 +6q The MC of the 4th mobile…

A: Marginal cost: Marginal Cost at 4th unit = TC at 3rd unit - TC at 4th unit MC = TCn-TCn-1

Q: If TC = 108 + 20Q + 3Q2 , what level of Q generates the minimum average cost? Enter as a value

A:

Q: A manufacturer’s marginal cost (MC) function is given by: MC = 1000 √3?+12 Find the equation of…

A: Total cost is the summation of total fixed cost and total variable cost. Total cost function can be…

Q: Refer to Table Cost.EX2. When production is 4 units, the firm's average total cost is about

A: Average Total Cost = (Total fixed cost + Total Variable Cost) / Output

Q: Consider the following total cost function: TC = 1500 + 300Q -3602 + 203 What is the quantity that…

A: In order to find the quantity at which Marginal Cost is minimised, we will first find the MC…

Q: A company discovers that their total cost is $1700 at an output level of 9 units and $2000 at an…

A: Given: The total cost for a company at output level of 9 units is = $1,700 The total cost for a…

Q: Consider the following cost function: C=0.25q° - 49 + 85q + 150: When output is 16 units, average…

A: please find the answer below.

Q: For the following problem, what would be the objective function that aims at minimizing the total…

A: Given,

Q: If the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the…

A:

Q: Give the formulas for and plot AFC, MC, AVC, and AC if the cost function is

A: The average fixed cost (AFC) is the total variable cost per unit of output. This is found by…

Q: Profit from Sale of Pagers A division of Chapman Corporation manufactures a pager. The weekly fixed…

A: Profit can be defined as the total revenue in excess of the total cost. The total revenue is the…

Q: if the total cost  c=0.2q3 - 4q2 +1000, what is the marginal cost when q=100

A: the monetary value incurred in production process called production cost . There are two types of…

Q: It is given that the total fixed cost incurred by the firm is $300 and the total variable cost is…

A: The addition of TFC and TVC gives the total cost incurred by the firm for a perticular number of…

Q: A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per…

A: Given: Price at which quantity sold = 2 TC= (1000 + 250) = 1250

Q: profit-maximizing rule

A: The Total Revenue (TR) is generated after selling all the output in the market. The Total Cost (TC)…

Q: A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is…

A: We have the following information- Fixed cost = $25,000Variable cost function, V(x) = 0.000001x3 -…

Q: For each of the following total cost curves, determine if the technology exhibits increasing,…

A: Return to scale: It means the rate by which output changes if all inputs are changed by the same…

Q: Q.6 To express relationship between the average cost functions, which of the following is true: (a)…

A: # We know well that the total cost function is given by the sum of total fixed cost and total…

Q: The MARGINAL cost (in dollars) for a certain product is given by C'(x) = 18x + 3 . If the overhead…

A: Total cost of production is the cost expenditure incurred on the the production of the good or the…

Q: Assume that it costs a company approximately C(x) = 400,000 + 180x + 0.001x2 dollars to manufacture…

A: Answer: Given, Cost function: Cx=400,000+180x+0.001x2 (a). To find the marginal cost function let us…

Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost?  What…

A: Ans. The cost minimization level of output is 175 units.