Suppose that the cost (in dollars) for a company to produce x pairs of a new line
Question:
(a) Find the marginal cost function.
(b) Find C'(100) and explain its meaning. What does it predict?
(c) Compare C'(100) with the cost of manufacturing the 101st pair of jeans.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
a Cx 20003x001x 00002x Cx3002 00006z b C 100 3 002100 0000610000 ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Calculus Early Transcendentals
ISBN: 9781337613927
9th Edition
Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin
Question Posted:
Students also viewed these Calculus questions
-
Suppose that the cost (in dollars) for a company to produce pairs of a new line of jeans is C() = 2000 + 3 + 0.01 2 + 0.0002 3 (a) Find the marginal cost function. (b) Find C'(100) and explain its...
-
Is it possible for a company to spend more money on the innovation process than on providing goods and services to current customers?
-
What characteristics are necessary for a company to include an asset in the category of property, plant, and equipment?
-
Consider the following reaction at 800. K: N2(g) + 3F2(g) 2NF3(g) An equilibrium mixture contains the following partial pressures: PN2 = 0.021 atm, PF2 = 0.063 atm, and PNF3 = 0.48 atm. Calculate Go...
-
1) What is the purpose of calculating a test statistic? How does this value describe how the sample data either supports or contradicts a claim? 2) How does one decide between using a one-tailed or a...
-
Below are typical transactions for a company. Type of Business ActivityTransactions 1. _________Issue common stock. 2. _________Collect cash from a bank loan. 3. _________Sell products to customers....
-
A 25-ton (50,000-lb) truck coasts down a steep \(7 \%\) mountain grade without brakes, as shown in Fig. P9.72. The truck's ultimate steady-state speed, \(V\), is determined by a balance between...
-
Silmaril, Inc., borrowed $25,000 from First National Bank by issuing a three-year, 10% note dated July 1, 2011. Interest is payable semiannually on December 31 and June 30. The principal amount is to...
-
Prater Incorporated enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. A summary of the exchange is as follows: Transferred Warehouse Land...
-
As the Purchase Manager of R. K. Engg. Company, Mumbai, you had sent an order for 15 scanners to National Systems Ltd., Delhi, but you received only 12 scanners on delivery. Write a letter to the G....
-
The frequency of vibrations of a vibrating violin string is given by where L is the length of the string, T is its tension, and is its linear density. [See Chapter 11 in Donald E. Hall, Musical...
-
The cost function for a certain commodity is C(x) = 84 + 0.16X - 0.0006X2 + 0.000003X3 (a) Find and interpret C'(100). (b) Compare C'(100) with the cost of producing the 101st item.
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). In the metric system, the prefix used to indicate a) Ten times the basic unit is _______. b) One tenth of the basic unit is _______.
-
(1) For multiple linear regression, In our cases, X = ( 2 2 3 ? ? 1 matrix. -1 B = (X'X)X? -1 B = (XX) X ? = X' ? = (2) ? X'X = ? = [1 ] and also ( X'X) = [1] ? ?=1 = ? (? ?=1 ? ? 2 ...... ? 2 (? (?...
-
Describe the difference between the primary market and the secondary market. If you were purchasing a newly-issued share of stock in technology startup company, in which market would this occur?...
-
A bond is currently trading at a YTM of 14%. We also know that its market price is $892, and that its coupon rate is 5%. What is the bond's expected Capital Gains Yield?
-
1) Discuss the concepts of specific risk and market risk in investment 2) Explain how portfolio diversification reduces investment risk 3) Create a hypothetical example of a 3-stock portfolio, select...
-
A loan officer compares the interest rates for 48-month fixed rate auto loans and 48-month variable interest rate auto loans. Two, independent, random samples for fixed and variable auto loan rates...
-
A blast wave passes through still air at $300 \mathrm{~K}$. The velocity of the air behind the wave is measured to be $180 \mathrm{~m} / \mathrm{s}$ in the laboratory frame of reference. Determine...
-
Separate variables and use partial fractions to solve the initial value problems in Problems 18. Use either the exact solution or a computer-generated slope field to sketch the graphs of several...
-
What scares you the most about making a presentation in front of your class? Being tongue-tied? Fearing all eyes on you? Messing up? Forgetting your ideas and looking silly? Your Task. Discuss the...
-
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,000 28,000 300,000 450,000 York's outstanding stock consists of 80,000 shares of...
-
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...
-
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 20Y7 20Y6 Cost of goods sold $3,864,000 $4,001,500...
Study smarter with the SolutionInn App