1. If the average cost of a plant to produce a "q" unit is explained by the functions below this: C = 0.0003q2 - 0.001q + 4 + 20.000/q a. What is the marginal cost function of product q? b. What is the marginal cost when producing 10 units? c. What is the marginal cost when producing 50 units?

Q: Compute the marginal products of each input.   (c)  Does this production function exhibit constant…

A: The marginal product of an input is the additional output produced when one more unit of that input…

Q: Solve for the following: a. Marginal Cost b. Average Cost Suppose that a food manufacturing…

A: Cost is the expense that incur in the process of production. The marginal cost refers to the cost…

Q: You produce and sell Cillipods. Your average cost (in dola Cillipod) for manufacturing q Cillipods…

A: TC = q x AC = q3 - 30q2 + 5000 MC = dTC/dq = 3q2 - 60q

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

A: The total cost function comprises of variable costs and fixed costs. The fixed costs remain the same…

Q: Suppose a firm manufactures coffee makers and sells them for $75$75 each. The costs incurred for…

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…

Q: Solve the problem. 16) A company estimates that the daily cost (in dollars) of producing x chocolate…

A: C(x) = 810 + 0.03x + 0.0002x2 . Company Produces 720 chocolate bars

Q: d. For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand…

A: In part d, there are two types of customers  For costumer A, demand function DA=10,000-p      ....…

Q: that the dollar cost of producing X appliances is c(x) = 1000+70x-0.1x². ■ Find the average cost per…

A: Total cost is the cost incurred by the firm on the production of final goods and services. The total…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: We are given the total cost function which depends on the quantity whose range is also given. And…

Q: The average total cost to produce 100 cookies is .25 per cookie. The marginal cost is constant at…

A: In economics, cost is the monetary value that has been spent on production of goods and services.…

Q: If the marginal cost MC = 5+4Q , and the fixed cost is 4, what is the total cost function?

A: As per question, marginal cost MC= 5+4Q and fixed cost is 4. Taking integral (with respect to Q) of…

Q: The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280…

A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts of…

Q: Marsha made an extensive study into the cost function of the dining halls on the A&M campus. She…

A: Marginal cost is the additional cost incurred when one more unit of output is produced. It is the…

Q: The “Sad Student” Company finds that it costs a total of C(q) = 9720 + 500q -1.5q2 + 0.005q3…

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

Q: If a cost function is C(q) = 2q3 - 6q2 + 20q • what is the fixed cost? What is the variable cost? •…

A: Economies of scale refers that when the cost per additional unit is decreasing due to increasing in…

Q: The MBF plant costs a total of $ 45,000 if it produces 500 products, and a total cost of $ 100,000…

A: Total Cost = 45,000 Quantity = 500   If produces 1000 units then TC = 100,000

Q: Suppose that a company has determined that a 70% experience curve accurately describes the evolution…

A: Cost incurred to produce 1st unit = $200Experience Curve Percent = 70%Experience Curve suggests…

Q: If C(x) is the total cost function of producing x items, then the marginal cost at x = a, given by…

A: Fixed costs don't change based on the volume of sales or output. The number of products or services…

Q: Given the following production cost function: TC=5+29 R1 R² +0.5 R³ TC: total cost in '00 (hundreds)…

A: Production costs are the costs a company incurs while creating a something or providing a service…

Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…

A: TC1 = 10q - 4q2 + q3  AC1 = TC1/q AC = 10 - 4q + q2 Average cost will be minimum when it's…

Q: A company with two different plants manufactures guitars and banjos. Its production costs for each…

A: The cost of production of a firm involves costs of labor, raw materials, and capital. Out of the…

Q: 2) For the following cost functions calculate and plot the average fixed costs, average variable…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Assume the average cost when producing 4 units is 10, the average cost of producing 6 units is 8,…

A: The table shows output and AC:

Q: 3. The "Sad Student" Company finds that it costs a total of C(q) =9720+500g-1.59² +0.005q³ Dollars…

A: The function that depicts the relationship between the production quantity of goods or services and…

Q: If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of…

A: Marginal cost is the additional cost incurred with an additional unit produced.

Q: A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total…

A: In business, the average total cost, or ATC, is the sum of all product costs divided by the volume…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: If c=3q-3q2+q3is a cost function, when is marginal cost decreasing?

A:

Q: The number of units that minimizes the average cost is

A: The average cost is the cost computed by diving the total cost of production by the total quantity.

Q: Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One of the…

A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: Average Cost is the per unit cost while marginal cost is the change in total cost for next unit

Q: What is the marginal cost, if the cost function given is C(Y)=6 a) Y? b) 3Y c) 6Y d) 12Y

A: Marginal cost refers to an additional cost that occurs from producing one more unit of output.

Q: Explain economies of scale and how to determine if a firm is experiencing it or not from their cost…

A: In a market, economies of scale is considered as one of the competitive advantage of a firm.

Q: 10. All-Leather is a leather tanning company in Chicago. Its total cost function is C(QA) = 130 +…

A: C(QA)=130+6QA+2QA2

Q: Economic cost is equal to the sum of the explicit and the implicit costs True False

A: The economics as a study is associated with the use of various resources which are available with…

Q: For the cost function 125x + 375 C(x) = x+7 where C is in dollars and x is the number produced in…

A: Here we are given the cost function. A cost function is the function of output, and it gives the…

Q: If the marginal cost for ski gloves is C'(x) = 3.5x + 12.5 and C(0) = 462, find the cost function.…

A: Marginal cost is the addition to the total cost for producing an additional unit of output.