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Question 4 20 pts The cost (in dollars) of producing a units of a certain commodity...
A manufacturer estimates that the marginal cost of producing a units of a certain commodity is...
A manufacturer estimates that the marginal cost of producing a units of a certain commodity is C'(q) =9q2 +62 - 37 dollars per unit. If the cost of producing 7 units is $5,000, what is the cost of producing 20 units? The cost of producing 20 units is $
3. (2 points) The marginal cost of producing q units of a certain commodity is C'(q)...
3. (2 points) The marginal cost of producing q units of a certain commodity is C'(q) = 1.592 – 6q+7 dollars per unit. How much does it cost to produce 20 units of commodity, if if the total cost of producing 6 units is $100?
5) When the price of a certain commodity is p dollars per unit, customers demand r hundred units ...
5) When the price of a certain commodity is p dollars per unit, customers demand r hundred units of the commodity, where How fast is the demand r changing with respect to time when the price is $6 per unit and decreasing at the rate of 25 cents per month? 1 6) The output at a certain plant is Q-0.09r20.12ry+0.04y2 units per day, where z is the number of hours of skilled labor used and y is the number of...
Question 16 (of 16) value 1.00 points 1 out of 3 attempts The marginal cost of producing a certai...
Question 16 (of 16) value 1.00 points 1 out of 3 attempts The marginal cost of producing a certain commodity is C '(a)-12 +9 dollars per unit when q units are being produced. What is the cost of producing the second batch of 11 units? The total cost of producing the second batch of 11 units is dollars.
Question 16 (of 16) value 1.00 points 1 out of 3 attempts The marginal cost of producing a certain commodity is C...
(1 point) A company produces x units of commodity A and y units of commodity B...
(1 point) A company produces x units of commodity A and y units of commodity B each hour. The company can sell all of its units when commodity A sels for p-100-8x dollars per unit and commodity B sells for q = 40-10y dollars per unit. The cost (in dollars) of producing these units is given by the joint-cost function C(x, y)-5xy +5. How much of commodity A and commodity B should be sold in order to maximize profit? Commodity...
14. Suppose that when the price of a certain commodity is p dollars per unit, then...
14. Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, where = -0.05 x + 38 The cost of producing x hundred units is hundred dollars is C(x) = 0.02x2 + 3x + 574.77 hundred dollars a. Express the profit P obtained from the sale of x hundred units as a function of x. Sketch the graph of the profit function. b. Use the profit curve...
Financial Mathematics Please answer question 4 and question 5 o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Fi...
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity (units per day) In the figure above, when 40 units are produced the average fixed cost is $8 O $12 $20 ОО $4 Question 10 1 pts When marginal cost is greater than average total cost, O average total cost is falling. O average total cost is rising. O marginal cost must be falling. O average variable cost must be falling. Question 11 1...
Question s (20 pts) For a certain manufacturer, the demand function is given by P-34 and...
Question s (20 pts) For a certain manufacturer, the demand function is given by P-34 and the total cost function is TC 357q2+1800q, find: a) Total Revenue function (4 pts) b) Profit function (5 pts) c) Marginal profit function (4 pts) d) Marginal revenue function (4 pts) e) Marginal Cost function (3 pts) +600g Question 6 (20 pts) a. Given a marginal cost function: 0.000204q-0.046q + 6. When the fuxed cost s $15,000, find the total cost for producing 200...
5. -/6 points HARMATHAP12 9.9.020,MI. If the cost function for a commodity is 3 + 6x2...
5. -/6 points HARMATHAP12 9.9.020,MI. If the cost function for a commodity is 3 + 6x2 + 6x + 20 dollars find the marginal cost MC at x = 9 units. (Round your answer to two decimal places.) MC = $ Tell what the marginal cost predicts about the cost of producing 1 additional unit. The cost of producing 1 additional unit is $ Tell what the marginal cost predicts about the cost of producing 2 additional units. The cost...
A manufacturer estimates that the marginal cost of producing a units of a certain commodity is C'(q) =9q2 +62 - 37 dollars per unit. If the cost of producing 7 units is $5,000, what is the cost of producing 20 units? The cost of producing 20 units is $
3. (2 points) The marginal cost of producing q units of a certain commodity is C'(q) = 1.592 – 6q+7 dollars per unit. How much does it cost to produce 20 units of commodity, if if the total cost of producing 6 units is $100?
5) When the price of a certain commodity is p dollars per unit, customers demand r hundred units of the commodity, where How fast is the demand r changing with respect to time when the price is $6 per unit and decreasing at the rate of 25 cents per month? 1 6) The output at a certain plant is Q-0.09r20.12ry+0.04y2 units per day, where z is the number of hours of skilled labor used and y is the number of...
Question 16 (of 16) value 1.00 points 1 out of 3 attempts The marginal cost of producing a certain commodity is C '(a)-12 +9 dollars per unit when q units are being produced. What is the cost of producing the second batch of 11 units? The total cost of producing the second batch of 11 units is dollars.
Question 16 (of 16) value 1.00 points 1 out of 3 attempts The marginal cost of producing a certain commodity is C...
(1 point) A company produces x units of commodity A and y units of commodity B each hour. The company can sell all of its units when commodity A sels for p-100-8x dollars per unit and commodity B sells for q = 40-10y dollars per unit. The cost (in dollars) of producing these units is given by the joint-cost function C(x, y)-5xy +5. How much of commodity A and commodity B should be sold in order to maximize profit? Commodity...
14. Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, where = -0.05 x + 38 The cost of producing x hundred units is hundred dollars is C(x) = 0.02x2 + 3x + 574.77 hundred dollars a. Express the profit P obtained from the sale of x hundred units as a function of x. Sketch the graph of the profit function. b. Use the profit curve...
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity (units per day) In the figure above, when 40 units are produced the average fixed cost is $8 O $12 $20 ОО $4 Question 10 1 pts When marginal cost is greater than average total cost, O average total cost is falling. O average total cost is rising. O marginal cost must be falling. O average variable cost must be falling. Question 11 1...
Question s (20 pts) For a certain manufacturer, the demand function is given by P-34 and the total cost function is TC 357q2+1800q, find: a) Total Revenue function (4 pts) b) Profit function (5 pts) c) Marginal profit function (4 pts) d) Marginal revenue function (4 pts) e) Marginal Cost function (3 pts) +600g Question 6 (20 pts) a. Given a marginal cost function: 0.000204q-0.046q + 6. When the fuxed cost s $15,000, find the total cost for producing 200...
5. -/6 points HARMATHAP12 9.9.020,MI. If the cost function for a commodity is 3 + 6x2 + 6x + 20 dollars find the marginal cost MC at x = 9 units. (Round your answer to two decimal places.) MC = $ Tell what the marginal cost predicts about the cost of producing 1 additional unit. The cost of producing 1 additional unit is $ Tell what the marginal cost predicts about the cost of producing 2 additional units. The cost...
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