The marginal cost of manufacturing x yards of a certain fabric
is C′(x)=3−0.01x+0.000006x2 (in dollars per...
The marginal cost of manufacturing x yards of a certain fabric
is C′(x)=3−0.01x+0.000006x2 (in dollars per yard). Find the
increase in cost if the production level is raised from 4000 to
8000 yards. Increase in cost = $ ?
A manufacturer of tennis rackets finds that the total cost
C(x) (in dollars) of manufacturing x
rackets/day is given by
C(x) = 900 + 3x + 0.0003x2.
Each racket can be sold at a price of p dollars, where
p is related to x by the demand equation
p = 5 − 0.0002x.
If all rackets that are manufactured can be sold, find the daily
level of production that will yield a maximum profit for the
manufacturer. Hint: The revenue...
If the total cost function for a product is C(x) = 8(x + 5)^3
dollars, where x represents the number of hundreds of units
produced, producing how many units will minimize average cost? x =
hundred units
Find the minimum average cost per hundred units. $
A textile manufacturing process finds that on average, 3 flaws
occur per every 260 yards of material produced. a. What is the
probability of exactly 1 flaws in a 260-yard piece of material?
(Round your intermediate calculations and final answer to 4 decimal
places.) Probability b. What is the probability of no more than 2
flaws in a 260-yard piece of material? (Round your intermediate
calculations and final answer to 4 decimal places.) Probability c.
What is the probability of...
Business: cost from marginal cost. A gourmet popcorn company
determines that the marginal cost, in dollars, of the xth bag of
gourmet popcorn is given by C' (x) = -0.0004 x + 2.25 C(0)=$0 Find
the total cost of producing 1000 bags of popcorn.
The cost, in dollars, of producing x belts is given by
C(x)=822 + 14x - 0.075x2. Find the rate at which average
cost is changing when 256 belts have been produced.
When 256 belts have been produced, the average cost is changing
at _____, dollars per belt or belt per dollars(choose one please)
for each additonal belt.
A linear cost function is
C(x) = 7x
+ 800. (Assume C is measured in dollars.)
(a) What are the slope and the C-intercept?
slope
C-intercept
(b) What is the marginal cost
MC ?
MC =
What does the marginal cost mean?
If production is increased by this many units, the cost
decreases by $1.Each additional unit produced reduces the cost by
this much (in dollars). If production is
increased by this many units, the cost increases by $1.Each
additional unit...
When marginal product is increasing:
Marginal cost is
increasing c.
marginal cost is constant
Marginal cost is
decreasing d
average product is decreasing
A certain monopoly has a marginal cost that depends on the
quantity produced. The marginal cost is MC = 4Q
The marginal revenue curve is: MR = 40 – 4Q
The demand curve is: D = 40 - 2Q
Fixed cost of production $10, variable cost is $5 per unit
produced.
a) Graph the MR, MC and demand curves!
b) Which quantity the monopoly will produce at which price?
c) Calculate the profit!
Sales 3 million dollars per year Cost of goods 1.7 million
dollars per year Cash Expenses 725 thousand dollars per year
Depreciation Expense 125 thousand dollars per year Cash on the
balance sheet 150 thousand dollars Receivables on the balance sheet
75 thousand dollars Inventory on the balance sheet 300 thousand
dollars Fixed asset net of depreciation on the balance sheet 450
thousand dollars Total Current Liabilities on the balance sheet 175
thousand dollars Total Long Term Debt on the...