16. The total cost to make q quilts is C(q) = 73 +1.2q +0.05q2. a. What is a function for the marginal cost? b. Find a quantity that minimizes the average cost.

Q: Suppose that the fixed cost for a product is $200 and the break-even quantity is 50. find the…

A: The marginal profit will be computed as the selling price per unit, minus the variable cost per…

Q: How does a cost behave in response to a change in activity? Give an example?

A: Cost also changes with the change in the activity. There are two types of costs- fixed costs and…

Q: The cost function of producing Q units of good: C(Q) = 4Q2 + 16Q + 40 Write down the average cost…

A: Total cost: ‘total cost’ is the amount that includes all the expenses that are paid to produce a…

Q: How can we predict cost behavior?

A: Cost behaviour shows the relation between the total cost and activities level. We can predict the…

Q: What will be the marginal cost if the change in total cost is $55 and Change in quantity is $60.

A: Marginal cost determined to be a cost, which involves increase or decrease to the overall cost of…

Q: The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The average cost per…

A: Answer - Given in the question - TC = $1,000 + $6X Here  TC = Total cost  X is no. of widget  Need…

Q: Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?

A:

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: 2. The weekly marginal cost of producing x ice cream makers is 28+ 0.05x dollars per ice cream…

A: Cost function can be written as follows:

Q: What is optimization? How does it blow up the myth about profit being a result of a mere…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: How does fixed cost affect marginal cost? Why is this relationship important?

A: Fixed cost is the cost which does not change with the change in the output.Marginal cost is the…

Q: When output increases from 10 to 11, total cost increases from $60 to $65. Fill in the blank. Round…

A: The additional cost incurred in the creation of extra units of goods or services, most frequently…

Q: The cost function of producing Q units of good s.t: C(Q) = 4Q² + 16Q + 40 Write down the average…

A: The average cost is the total cost divided by the total quantity C(Q)=4Q^2+16Q+40 AC(Q)=C(Q)/Q…

Q: The cost function of producing Q units of good s.t:

A: ‘Total cost’: ‘Total cost’ is the amount that includes all the expenses that are paid to produce a…

Q: 1. If the cost function of producing a commodity is: 40 + 50x + Vx2 +110 C (x) == where x represents…

A: The given cost function is: C(x) = 40 + 50x + VX2 + 110 Assuming V is a constant greater than 0 To…

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: d. If the firm closes down and produces no output, what will be its total cost? e. If the firm…

A: Total Cost is the sum total of Total Variable Cost and Total Fixed Cost. It denotes the total cost…

Q: Define a variable cost and a fixed cost. What causes changes in these costs? Give two examples of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose the cost function for a product is linear and the marginal costis $5. If the profit is $200…

A: Answer a) The marginal profit gives us the slope of the profit function's line. Using this slope…

Q: Draw the cost curve graph showing showing the 5 curves lab

A: In the realm of microeconomics, cost curves are pivotal in understanding the dynamics of production…

Q: + 50. What is the equation for marginal cost? At what point is marginal cost minimized?

A: C = Q3/3  - 3Q2 + 15 Q + 50  The marginal cost(MC) is the additional cost that is incurred by the…

Q: Which of the following is true of the relationship between Average Cost and Marginal Cost Select…

A: Average Cost refers to the per-unit cost of production, it means both fixed and variable costs are…

Q: how is the slope of the total cost and marginal cost related?

A:

Q: What is a production function? Response option group It is the production technology It is the…

A: A production function highlights the relationship between quantities of physical inputs and…

Q: If the marginal cost is increasing does this tell you whether the average variable cost is…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: The cost function of producing Q units of good: C(Q) = 4Q2 + 16Q + 40 Write down the average cost…

A: Cost is the expenditure incurred on inputs to produce given output. Total Cost (TC) consists of…

Q: In the short run, which cost is fixed and cannot be changed? a) Average cost b) Marginal cost c)…

A: Understanding the various sorts of costs in financial aspects is significant for examining business…

Q: Ebba Kantzen says the following: "I am currently producing 10,000 pizzas per month at a total cost…

A: Cost can be defined as a concept that shows the amount of expenditure and any other sacrifice such…

Q: 3:5 Uwe produces bicycles. The quantity of bicycles is Q. The material costs are 36 for each…

A: Since , we are given that Quantity of bicycle produced=Q Material cost= 36 for each means 36Q Cost…

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

A:

Q: You a a discount for buying multiple notebooks. The first costs you $30. Buying a second gives you a…

A: Marginal cost is the change in total cost per unit change of output.

Q: f the cost of producing 100 pies is $274 the average total cost is?

A: Average total cost refers to total cost per unit of output. It is the sum of average fixed cost and…

Q: 1. Find the total cost if marginal cost MC = 4 q+ 15 and fixed cost FC = 100.

A: total cost, in economics, the sum of all costs incurred by a firm in producing a certain level of…

Q: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

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

A: Introduction: Average cost to produce 20 units are $25 so the total cost can be derived by…

Q: What is the total cost and average cost when marginal cost is 120, fixed cost is 25, total revenue…

A: In economics, cost is the value of resources that are used to produce a good or service. This…

Q: how do you find the total fixed cost if you don't know total variable cost

A: To determine the TFC of the whole table, we just need to find TFC of any quantity because TFC…

Q: Which of the following measures of cost is best described as "the cost of a typical unit of output…

A: Average Variable Cost (AVC): This is the variable cost per unit of output. It is calculated by…