Question: A linear cost function is C(x) = 27.55x + 5180. (a) What are the slope and the C-intercept? (b) What is the marginal cost, and

A linear cost function is C(x) = 27.55x + 5180.
(a) What are the slope and the C-intercept?
(b) What is the marginal cost, and what does it mean?
(c) How are your answers to parts (a) and (b) related?
(d) What is the cost of producing one more item if 50 are currently being produced? What is it if 100 are currently being produced?

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Cx 2755x 5180 a m 2755 b 5180 Cintercept b Ma... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1386-M-C-L-A-D(2461).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

A linear cost function is C(x) = 5x + 250. (a) What are the slope and the C-intercept? (b) What is the marginal cost, and what does it mean? (c) How are your answers to parts (a) and (b) related? (d)...

A manufacturer has been selling 1000 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to the buyer, the number of sets sold will increase by 100 per...

Suppose that the total revenue function for a product is R(x) = 50x and that the total cost function is C(x) = 1900 + 30x + 0.01x2. (a) Find the profit from the production and sale of 500 units. (b)...

NAME ___________________________ MAT 1022.E1 Midterm Exam Summer 2017 SCORE ________ INSTRUCTIONS: COMPLETE AND RETURN ONLY THE LAST PAGE ANSWER SHEET. I. Use lim 4x = 12 to identify: x3 1. f(x)...

TEST 1 REVIEW ----------MATH 1324 1. Is the relation defined by the table a function of x? Write down the sets of domain and range. x 1 2 6 8 11 y -4 -4 5 16 5 2. Which of the graphs below represent...

A linear cost function is C(x) = 9x+81 (in dollars). a) What is the slope and C-intercept b) What is the marginal cost? What does it mean? c) What is the fixed cost? d) What is the cost of producing...

1.8 A linear cost function is C(x) = 7x + 500. (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...

A linear cost function is C(xJ = 5x + 500. [Assume C is measured in dollars.) (a) What are the slope and the C-intercept? i slope i C-intercept {ti} What is the marginal cost E? MC=i | What does the...

Please answer FULL question . A-D A linear cost function is C(x) = 5x + 150. (Assume C is measured in dollars.) What are the slope and the C-intercept? What is the marginal cost MC? What does the...

Let f(x)=34x. Find f(2). Let f(x) =52x. Find f(-3) Let g(x) =4x1. Find g(1.5). Let g(x) =4x5. Find g(-1/2) Let f(x) = 6 5 x. Find f(t). Use the formula C =5/9(F32) for conversion between Fahrenheit...

The fluorescence spectrum of anthracene vapour shows a series of peaks of increasing intensity with individual maxima at 440 nm, 410 nm, 390 nm, and 370 nm followed by a sharp cut-off at shorter...

The current age pension system in Australia is best described as a pay-as-you-go system (PAYG). An alternative system is a fully funded social security system. The compulsory super contributions by...

4. How is the color index used in video mode 13h?

5.3 Explain how a state government transfer program such as unemployment compensation may actually result in a higher unemployment rate than would occur if the program did not exist.

Use the definition of a logarithmic function to write log 7 x = 3.1 in exponential form. Then find x to three decimal places.

In Problems, solve for x by writing the equation in exponential form. ln (2 - x) = -1.4 (to three decimal places)

In Problems, solve each equation. Give answers correct to three decimal places in Problems 112. lnx = 8

Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7,140 Less: Depreciation 420 Earnings before interest and taxes 940 Less: Interest paid 74 Taxable...

Maturity Risk Premium The real risk-free rate is 2.25%, and inflation is expected to be 3.75% for the next 2 years. A 2-year Treasury security yields 9.75%. What is the maturity risk premium for the...

The following is the Treasury bond quote as of March 26th, 2021. Assume the face (par) value of the Treasury bond is $100,000 and the bond pays interest semiannually. Answer the following, will...