What is the critical point of the total cost function TC=1/3Q3+6Q2-640Q ? A) Q = 32 B) Q = 16 C) Q=10 D)Q=20

Q: Find the total-cost function c(q) given the marginal-cost function dc/dq below, if the fixed costs…

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

Q: What is the value of the exponent in the costcapacity equation if a pump half the size of a similar,…

A: The value of correlation exponent can be calculated as follows:

Q: Consider the following cost minimization problem: Minimization CT = wL + rK Hold it: q= L1/2 K1/2…

A: Given: TC=wL+rK q=L1/2K1/2 Hence, in the long run cost minimization problem, MPLMPK=wr

Q: A _ total cost function implies that marginal costs _as output is increased. 1 linear,increase…

A: The marginal cost occurs for the firm to make one more additional unit of production by using a…

Q: Give the formulas for and plot AFC, MC, AVC, and AC if the cost function is      a C = 10+10q (MC =…

A: To Calculate AFC, MC, AVC, AC we use the following formulas. AFC = FC/QMC is the derivative of C…

Q: Q (6) If the average cost function for a particular economic project is as follows, find: a. The…

A: Marginal cost is the additional cost that is incurred in the production of additional units of the…

Q: The Cobb-Douglas production function is commonly used to model the production of an output, based on…

A: Given information Cobb-Douglas production function Equation Given in A2 ∆QQ=β∆LL Production function…

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: increasing, decreasing, or constant returns to scale.

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: The average cost function of a firm is:- 2Q² - 350 Find the total cost function

A: The data presented in the question above is:- We are given with the average cost function of a firm…

Q: Calculate the level of average cost to produce 39 units of output if the total cost function is…

A:

Q: Find the minimum value of the average cost for the given cost function on the given intervals. C(x)…

A: (a) C(x) =x3+28x+128minimum value of the average cost over the interval 1≤x≤10Finding out average…

Q: From your knowledge of the relationships among the various cost functions, complete the following…

A: TFC = Production function which is not variable during short run. It remains fixed.…

Q: The total cost of producing one unit is $50. The total cost of producing two units is $75. At a…

A: Given information: Total Cost  to produce 1 unit = $50 Total Cost  to produce 2 unit = $75

Q: If a production function exhibits decreasing returns to scale, average cost will decrease as output…

A: Average cost is the per-unit cost of output.

Q: Calculate the total cost function if average cost function is :- 36Q3 - 5Q2 + 10

A: We are given with the average cost function:- 36Q³ - 5Q² + 10 Also we know that :- TC = AC * Q

Q: For the cost function CQ) = 100 - 20 - 30, the total variable cost of producing 2 units of output is

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

Q: Since marginal cost is the reciprocal of marginal product times the input price, it decreases as…

A: The marginal cost refers to the additional cost incurred on production of an additional unit of…

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

A: Given function C(W1,W2,y)=W1X1(W1,W2,Y)+W2X2(W1,W2,Y) Here W1=first input prices W2= second input…

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: A study of 86 savings and loan associations in six northwestern states yielded the following cost…

A: Ans. To evaluate the variables that are statistically significant in explaining the variations is…

Q: A certain seed and fertilizer company compiled the following estimates for its operations. Capacity…

A: Given data: Sales ​$121,800 Total variable cost $51,156 Total cost 92,356…

Q: The average cost function is:- 3Q² - 14Q + 20 Find the total cost function

A: The information being given is:- We are given with the average cost function:- 3Q² - 14Q + 20 We…

Q: According to following information, which of the following is the total cost function in the form of…

A: Total cost is the cost that includes total fixed cost as well as a total variable cost of the…

Q: At what level of output will average variable cost be at a minimum? What is the minimum average…

A: The average variable cost or AVC is the total (TVC) variable costs per unit of (Q) output. These…

Q: The average cost function is:- 21Q - 33 Calculate the total cost function

A: We are given that the average cost function of the firm is as :- 21Q - 33 We need to calculate the…

Q: Suppose a firm only has $100 thousand dollars to spend in purchasing iron I and copper C to…

A: A budget constraint is an economic word that refers to the total amount of products you can afford…

Q: Derive (Mathematically and graphically) the cost minimization condition.

A: Let’s assume the following in order to derive the cost minimization conditions.

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: The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s…

A: We can use the given regression equation to estimate the average variable cost for the level of…

Q: If average cost function is :- 13Q - 54  Find the total cost function

A: The average cost function of the firm is given to us:- 13Q - 54 We are supposed to find the total…

Q: If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

A:

Q: In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay)…

A: Given, Rent = $2,500 Cost of water = $1.34 per gallon Leave without pay = $5,000-per-month…

Q: The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s…

A: Average variable cost: It is a company's variable costs partitioned by the amount of yield created.…

Q: Which of the following statements is false? If marginal cost is rising, then average variable cost…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: In the following problem, c represents the average cost per unit, which is a function of the number…

A: Given: c=0.001q2-0.5q+50+7000/q q=15,q=25

Q: If the total cost function for a product is C(x) = (x+5)° dollars, where x represents the number of…

A: Given, Total cost, C(x)=x+53 The average cost, AC(x) = C(x)/x AC(x) = x+53x To find the units which…

Q: For the total cost function, TC = 30 + 22Q + 2Q2 , does this cost function imply that there is…

A: There exists diminishing marginal productivity of inputs if marginal cost is rising, meaning cost of…

Q: An engineer who owns a construction company that specializes in large commercial projects noticed…

A: Per quarter growth, g = 2.6% = 0.026 Number of quarters in 2 years, n = 8

Q: If the marginal cost function for x units of a product is MC = 3 + 4 In(x + 1) dollars per unit, and…

A: We will use total cost function to solve this question: Total Cost = Fixed Cost +Variable Cost

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: . The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s…

A: Given: AVC = a + bQ + cQ2 Total fixed cost each month is- $180,000. To Find: Are the estimates ˆa,…

Q: or each of the following cost-output relationships, describe the shape (U-shape, decreasing,…

A: Given cost functions a) C= 42,500,000+2550Q            ............ (1) b) C=8.48+0.65Q+0.00220Q2…

Q: based on the following function AC=(48/Q)+3Q+10, then the Fixed cost is A) 48 B) 9 C) 18/Q D) 1

A: Fixe cost does not vary with the output

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…