If the daily marginal cost for a product is MC = 2x + 100, with fixed costs

Question:

If the daily marginal cost for a product is MC = 2x + 100, with fixed costs amounting to $200, find the total cost function for each day.
Cost, revenue, and profit are in dollars and x is the number of units.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 07:16 AM

See More Questions

Suppose that the marginal cost for a product is MC = 60x + 1 and its fixed cost is $340.00. If the marginal revenue for the product is MR = 80x, find the profit or loss from production and sale of...
If the monthly marginal cost for a product is MC = x + 30 and the related fixed costs are $5000, find the total cost function for the month. Cost, revenue, and profit are in dollars and x is the...
If the marginal cost for a product is MC = 4x + 2 and the production of 10 units results in a total cost of $300, find the total cost function. Cost, revenue, and profit are in dollars and x is the...
A sales invoice included the following information: merchandise price, $12,000; terms 1/10, n/eom, FOB shipping point with prepaid freight of $900 added to the invoice. Assuming that a credit for...
A long, horizontal wire AB rests on the surface of a table and carries a current I. Horizontal wire CD is vertically above wire AB and is free to slide up and down on the two vertical metal guides C...
According to Alcntara Armando, it is a very important element to understand the direction that university systems are following, particularly in developing countries. Select one: The economic and...
What is a codebook and what is it used for?
What moral, ethical, and professional responsibilities did Guy Enright face when he was asked to turn over confidential documents to the individuals who were representing themselves as intelligence...
Pringle Corporation reported $200,000 in revenues in its 2016 financial statements, of which $88,000 will not be included in the tax return until 2017. The enacted tax rate is 40% for 2016 and 35%...
Firm W has the opportunity to invest $150,000 in a new venture. The projected cash flows from the venture are as follows. Determine if Firm W should make the investment, assuming that: a. It uses a 6...
The following table shows the U.S. average annual wage in thousands of dollars for selected years from 2012 and projected to 2050. Suppose the rate of change of the U.S. average annual wage can be...
The average cost of a product changes at the rate C(x) = - 6x-2 + 1 / 6 and the average cost of 6 units is $10.00. (a) Find the average cost function. (b) Find the average cost of 12 units. Cost,...
A 6-m-diameter spherical tank is filled with liquid oxygen (r = 1141 kg/m 3 , cp = 1.71 kJ/kgC) at 2184C. It is observed that the temperature of oxygen increases to 2183C in a 144-hour period. The...
5. Unilever's cost of goods sold for 2014 is $36 million. How much inventory (in $) does the company hold if it has a one-month supply of inventory on average
6. Why is a color-blind ideology problematic? Why can't we ignore "color" and create a raceless society? 7. How does Whiteness function as a location of structural advantage? What is your...
1. In each of the following cases, draw a graph showing an increase or decrease in equilibrium interest rates. a. Suppose the demand for loanable funds remains unchanged. Will the equilibrium...
11. Given f(x) = 7x-2, find f(x+3)+f(-1)
Using a theoretical lens, explain how the data relate to the problem you selected ( substance abuse and alcohol). Identify important gaps in existing information. Organize and reorganize information...
Solve each system using the inverse of the coefficient matrix. 2x + y = 5 3x - 2y = 4
Splitting hairs, if you shine a beam of colored light to a friend above in a high tower, will the color of light your friend receives be the same color you send? Explain.
A radar gun was used to record the speed of a runner at the times given in the table. Use the Midpoint Rule to estimate the distance the runner covered during those 5 seconds. e (m/s) P (m/s) I (s)...
A population of honeybees increased at a rate of r(t) bees per week, where the graph of r is as shown. Use the Midpoint Rule with six subintervals to estimate the increase in the bee population...
If x sin x = x2 f(t) dt, where f is a continuous function, find f(4).
1. There are missing parts in the program below and fix the bugs: isJavaFun = true; = is Fish Tasty false; System.out.println("Is Java Fun' is JavaFun); System.out.println("Is Fish TASTY" isFish...
Write regular expressions in Java for the following: Strings between10and20characters (inclusive) which have odd lengths. The allowed characters here are not specified, and should be considered...
These containers are available in four sizes: huge, large, medium, and small, which can hold 50, 20, 5 and 1 widgets, respectively. The cost of each of the containers, at this time, is $35.00 (huge),...

If the daily marginal cost for a product is MC = 2x + 100, with fixed costs

Question:

Step by Step Answer:

From the fact that ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions