You produce and sell Cillipods. Your average cost (in dola Cillipod) for manufacturing q Cillipods is given by 5000 AC(q) = q – 30q +

Q: company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: (a) Total cost is the sum of fixed cost and variable cost.  Fixed cost for manufacturing the sink is…

Q: For the cost function C(Q) = 200+3Q2+4Q3, what is the average fixed cost of producing 10 units of…

A: We have total cost function: C(Q)=200+3Q2+4Q3          ... (1) We have to calculate average fixed…

Q: Answer the question on the basis of the following cost data.   Output Total Cost 0 $ 24 1 33 2 41…

A:

Q: For the cost function C(Q) = 75 + 4Q + 2Q2, the marginal cost of producing 5 units of output is

A: The marginal cost is the change in the total cost that arises when the quantity produced is…

Q: Diane is remodeling an apartment that she will rent out to a college student. The renovation is…

A: Answer: Marginal cost: marginal cost refers to the additional cost of producing an additional good.…

Q: To maximise profits, a competitive firm has a cost function, C(q) = 4q2 + 95 and produces 33 units…

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

Q: A soda bottling plant uses are capital (K), electricity (E) and raw materials (R) in production. Its…

A: We are going to solve for marginal rate of technical substitution to answer this question.

Q: Average total cost is equal to:

A: Total cost is the sum of total variable cost and total fixed cost i.e., TC = TVC + TFC Total cost…

Q: Adam operates a factory that produces beach towels. His current level of output equals 1000 towels…

A: Average total cost is referred to as the sum total of all production costs divided by the total…

Q: What is the value of the average total cost when Q=2? Enter your answer as a number below. Do not…

A: Given Total cost at output of 2 = 80 ATC = Total cost / output

Q: 2,000 1,000 2 10 15

A: Average cost(AC) is minimized when q=10. At q=2, TC curve is increasing at increasing rate. At this…

Q: The average fixed cost curve will never intersect with either the horizontal or vertical axis.

A: The total cost of production refers to the market value of all the inputs used by the firm in the…

Q: Again referring to the table above, assuming 5 workers per day, the total cost of producing pizzas…

A: We know,  Total cost(TC) = Fixed cost (FC) + Variable Cost(VC)

Q: In the short run with fixed amount of at least one input, the law of diminishing returns must apply,…

A: When the one input is fixed then the firm experience diminishing returns because adding one more…

Q: A manufacturing plant that makes boomerangs has a fixed cost of $500/day and a variable cost of…

A: Given Data,  Fixed cost of $500/day. variable cost of $40/hr.

Q: Given the production function: q(K,L) = 3K +L, r=6, w= 3. What is the total cost function, C(a)? A.…

A: Production function: q=3K+L         ....... (1) Wage rate w=3 rent r =6 In order to find total cost…

Q: The technology for making nails is described by the Cobb-Douglas production function Q(L,K) = L*K,…

A: MRTS is the marginal rate of technical substitution which is the rate at which one input is…

Q: Which of the following would be the best starting point on which to focus if an air conditioner…

A:

Q: If marginal cost is greater than average total cost, then average total cost must be increasing.…

A: The marginal cost curve is downward sloping when it is below ATC. At the same time ATC is also…

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

A: The cost function calculates the lowest possible cost of manufacturing a specified quantity of…

Q: The marginal cost function of a company is given by MC 5+x, and the cost of producing 2 umits is 712…

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

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: 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: 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: Ouroboros’ total cost (TC) as a function of its production level q is given by the equation below:…

A: Given  Total cost TC(q)=2q2-12000q+30,000,000              ...... (1) “Since you have posted a…

Q: Find out the maximum possible output for a firm with 12 units of L and 24 units of K when its…

A: We have to find maximum possible output for a firm with,  Labour (L) = 12 units  Capital (K) = 24…

Q: Consider the following information about the input choices and prices, produci the same output in…

A: Cost minimization refers to optimal usage of factors of production such that for production of a…

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

A:

Q: Given the cost function ,  TC = 4q2 + 9 - calculte marginal cost ?

A: Marginal cost is the cost incurred when producing one additional output.

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

A: Marginal cost is the change in the total cost due to the increment in quantity produced by one…

Q: The total cost of producing q items is given by the formula C(q) = -q^3 + 40q^2 +1000, e.g. C(10)…

A: Total cost- It is the sum of all types of costs involved in the production.

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: ind the optimal amount of labour and capital that you will be using, and compute the total cost.

A: Put given Q = 200 and solve for K put that value in Cost and minimize Cost.  Find optimum values of…

Q: You are the owner of a small company that makes laptops at the price of $550. Your variable cost of…

A: The number of laptops can be found by equating price and the cost of producing laptops. We will find…

Q: Total cost at zero level of output will be

A: # Total cost is given as the sum of total fixed costs and total variable costs. That is:- TC = TFC +…

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

A: Solution: Competitive Market: It is a market structure where there are large numbers of buyers and…

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

A: Given data: Fixed cost is $4000 dcdq=1q+8

Q: Label each of the following as sunk cost, opportunity cost, or incremental costs and briefly explain…

A: The whole cost of producing a product may be included in a company's financial records as the cost…

Q: If the production function is q = min{L, K/3} and the price of L is $3 per unit (w=3), and the price…

A: Given  Production function q=minL,K/3              ... (1) Price of labor (w) = $3 Price of capital…

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

A: Whenever production starts, the firm has to incur costs such as rent of the property such as…

Q: The total cost of producing the first q items is given by the formula C(q) = -2q^3 + 60q^2 + 1000…

A: Given: Total cost function C(q) = -2q3 + 60q2 + 1000 First, we will find the average cost function…

Q: In the previous Problem Set question, we started looking at the cost function C (æ), the cost of a…

A: The total cost incurred by a firm includes fixed costs and variable costs. Fixed costs are the costs…

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: Find the value of Marginal cost if the marginal cost function is given is :- 3Q2 - 42 And the…

A: The information being given to us:- Marginal cost function is as:- 3Q² - 42  Quantity is 5 units  We…