If the cost function for a commodity is C(x) = 1/90 x3 + 4x2 + 4x +
Question:
C(x) = 1/90 x3 + 4x2 + 4x + 10 dollars
find the marginal cost at x = 3 units and tell what this predicts about the cost of producing 1 additional unit and 2 additional units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Cx 190 x 3 4x 2 4x 2 4x 10 MC Cx 130 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
If the cost function for a commodity is C(x) = x3 - 4x2 + 30x + 20 dollars find the marginal cost at x = 4 units and tell what this predicts about the cost of producing 1 additional unit and 3...
-
If the cost function for a commodity is C(x) = 300 + 4x + x2 graph the marginal cost function.
-
If the cost function for a commodity is C(x) = x3 - 12x2 + 63x + 15 graph the marginal cost function.
-
Provide a brief discussion of database connection using the JDBC API, which includes: a. Two popular methods used to establish a connection b. Operational procedure to establish a connection c. How...
-
A ball thrown horizontally at 22.2 m/s from the roof of building lands 36.0 m from the base of the building. How tall is the building?
-
Bucket A and block C are connected by a cable that passes over drum B. Knowing that drum B rotates slowly counterclockwise and that the coefficients of friction at all surfaces are s = 0.35 and k =...
-
Let the real-valued random process \(U(t)\) be defined by \[ U(t)=A \cos (2 \pi v t-\Phi) \] where \(v\) is a known constant, \(\Phi\) is a random variable uniformly distributed on \((-\pi, \pi), A\)...
-
Haifa Instruments, an Israeli producer of portable kidney dialysis units and other medical products, develops an 8-month aggregate plan. Demand and capacity (in units) are forecast as shown in the...
-
7. NB Power plans to acquire a large water turbine for one of its dams by entering into a long-termlease agreement with the Atlantic Steel Ltd (ASL). ASL will provide the turbine under either of the...
-
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). All materials...
-
Suppose that the cost function for a commodity is C(x) = 300 + 6x + 1/20 x2 dollars (a) Find the marginal cost at x8 units and tell what this predicts about the cost of producing 1 additional unit....
-
The graph of a company's total cost function is shown. For each problem, use the graph to answer the following questions. (a) Will the 101st item or the 501st item cost more to produce? Explain. (b)...
-
An electron is accelerated through an electric potential to a kinetic energy of 13.4keV. What is its characteristic wavelength? Recall that the kinetic energy of a moving object is E = 12mv 2 , where...
-
How can overproduction be minimized?
-
How is transporting a waste? Provide an example to support your answer.
-
Which organizational structure, while typically providing greater clarity about roles and responsibilities, often slows operational responsiveness?
-
Describe how the 5 Whys can be used to identify the root cause of an operational issue.
-
List five reasons IT projects often fail. Describe two controls for each reason that could help to mitigate their occurrence and the audit procedures to test them.
-
Discuss how advertisers deal with the clutter problem in both magazines and newspapers. Explain why advertisers of products such as cosmetics or womens clothing would choose to advertise in a...
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
A rocket motor is manufactured by bonding together two types of propellants, an igniter and a sustainer. The shear strength of the bond y is thought to be a linear function of the age of the...
-
Show that in a simple linear regression model the point (x, y) lies exactly on the least squares regression line.
-
Consider the simple linear regression model Y =B0 + B1x + e suppose that the analyst wants to use z = x x as the regress or variable. (a) Using the data in Exercise 11-12, construct one scatter plot...
-
1. What is team velocity and how does it impact the development of a project? 2. What is the purpose of SCRUM meetings, and how can one best prepare to take part in it?
-
Lew's market invested in project that returned 16.67 percent during a period when inflation averaged 3.26 percent. What real rate of return did Lew earn on its project? Explain in Detail?
-
Identify the major topographic features of ocean basins, and state how they are related to plate tectonics. The Himalaya and the Alps are said to be the graveyards of ancient oceans. Why?
Study smarter with the SolutionInn App