The marginal cost function is given by MC = 2Q + 6 If the total cost is
Question:
The marginal cost function is given by
MC = 2Q + 6
If the total cost is 212 when Q = 8, find the total cost when Q = 14.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
TC 206 dQQ ...View the full answer
Answered By
Daniel Kimutai
I am a competent academic expert who delivers excellent writing content from various subjects that pertain to academics. It includes Electronics engineering, History, Economics, Government, Management, IT, Religion, English, Psychology, Sociology, among others. By using Grammarly and Turnitin tools, I make sure that the writing content is original and delivered in time. For seven years, I have worked as a freelance writer, and many scholars have achieved their career dreams through my assistance.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
From the total cost function given in the NYSE regression (9.31), how would you derive the average cost function? And the marginal cost function? But if Eq. (9.32) is the true (i.e.,...
-
(a) Find the total cost function given that the marginal cost function MC = 2Q + 3Q and that total costs are 40 when Q = 4. (b) The inverse demand function for a good is Q = 10 - P/2P. Find the...
-
If the average cost function of a good is AC = 15/Q + 2Q + 9 find an expression for TC. What are the fixed costs in this case? Write down an expression for the marginal cost function.
-
Consider again examples 9.2 and 9.3 , and once again assume that there are two states of the world for each random variable, denoted by V L j , V H j and n L , n H . Denote the probabilities for...
-
An ideal air-conditioning system uses R134a as the refrigerant. The compressor has an inlet pressure of 20 psia and an exit pressure of 260 psia with a mass flow rate of 0.6 lbm/s. Refer to Fig....
-
The controller of Brokaw Production has collected the following monthly cost data for analyzing the behavior of utility costs. Instructions a. Determine the fixed costs and unit variable costs using...
-
In 2016, a father of two minor children in Cuyahoga county, Ohio, filed a claim to determine custody of the children. At the pretrial, the father informed the magistrate he wanted to be named a legal...
-
1. What recommendations would you make to John Wolf with respect to structuring the supplier relationship process for the Wolf Motors dealer Ship network? 2. How might purchasing policies are...
-
Map this ER diagram to a Relational Model and normalize it if needed. employee EMP_ID INT EMP_Frame VARCHAR(40) EMP_Lname VARCHAR(40) EMP_Sex VARCHAR(1) EMP_Birthdate DATE EMP_Salary INT Indexes...
-
Jamie and Cecilia Reyes are husband and wife and file a joint return. They live at 5677 Apple Cove Road, Boise, ID 83722. Jamies social security number is 412-34-5670 (date of birth 6/15/1967) and...
-
(a) Find the total cost if the marginal cost is MC = Q + 5 and fixed costs are 20. (b) Find the total cost if the marginal cost is MC = 3e0.5Q and fixed costs are 10.
-
Find the total revenue and demand functions corresponding to each of the following marginal revenue functions: (a) MR = 20 2Q (b) MR = 6/Q
-
Find an equation of the conic described. Graph the equation. Hyperbola; center at (0, 0) focus at (0, 4) vertex at (0, -2)
-
The marketing research department for a company that manufactures and sells computers established the following price- demand and cost functions. p(x)=2025-68x where p(x) is the wholesale price per...
-
Why do we pay specific taxes and not one or two flat taxes? Where does the tax money go?
-
Mitsubishi Inc. gave the following fringe benefits to Jose for year 2021: Brand new car (cash provided 2,500,000) Residential property (zonal value 8,000,000) Salaries of maid and personal driver...
-
What is the problem with tax havens. Why is it wrong? why is it right? Why do companies engage in tax havens and which companies engage in tax havens?
-
Based on CRA rules, does computer application software (class 12) count as eligible property for the accelerated investment incentive?
-
A position-versus-time plot for an object undergoing simple harmonic motion is given in FIGURE 13-30. Rank the six points indicated in the figure in order of increasing (a) Speed, (b) Velocity, (c)...
-
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
-
Discuss the similarities and differences in the graphs of future value A as a function of time t if $1,000 is invested at simple interest at rates of 4%, 8%, and 12%, respectively (see the figure). A...
-
Problem refer to the following ads. The ad for a Bison SUV claims that a monthly payment of $399 constitutes 0% financing. Explain why that is false. Find the annual interest rate compounded monthly...
-
Problem refer to the following ads. The ad for a Bison sedan claims that a monthly payment of $299 constitutes 0% financing. Explain why that is false. Find the annual interest rate compounded...
-
Prepare a written network design plan to meet the above mentioned user requirements including a blueprint drawn using a modeling tool. (Ex: Microsoft Visio, Edraw Max). Support your answer by...
-
There is already one LAN at the KL site => 172.16.32.0/28. There are plans to have two more LANs at the KL site, LANs 2 and 3. Both of LANs 2 and 3 will be subnets of 172.16.32.0/24. LAN 2 requires...
-
Wikipedia is not actually produced in a competitive market, but instead is largely funded by voluntary individual donations from its users. Those users usually get a lot of value out of the existence...
Study smarter with the SolutionInn App