If the total cost function for a commodity is C(x) = 400 + 5x + x3, what

Question:

If the total cost function for a commodity is C(x) = 400 + 5x + x3, what is the marginal cost when 4 units are produced, and what does it mean?

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 06:43 AM

See More Questions

If the total cost function for a lamp is C(x)=250+33x+0.1x2 dollars, producing how many units, x, will result in a minimum average cost per unit? Find the minimum average cost.
If the total cost function for a product is C(x) = 300+10x+0.03x2 dollars, producing how many units, x, will result in a minimum average cost per unit? Find the minimum average cost.
If the total cost function for a product is C(x) = 810+0.1x2 dollars, producing how many units, x, will result in a minimum average cost per unit? Find the minimum average cost.
The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35% by RR Ltd and 23% by SS Ltd. The remaining 10% is owned by various individuals, none of whom own more than 1%. All...
Calculate the temperature and density of carbon dioxide in critical state, assuming the gas to be a Van der Waals one.
my company invested $ 1 5 0 , 0 0 0 on an online company to expand. the income of the company was $ 5 0 , 0 0 0 and declared dividend of $ 1 0 , 0 0 0 . what are the journal entries needed for an...
Let $R_{j}^{2}$ be the coefficient of determination when we regress the $j$ th regressor on the other $k-1$ regressors. Show that the $j$ th variance inflation factor may be expressed as...
Using property she inherited, Myrna makes a gift of $6.2 million to her adult daughter, Doris. The gift takes place in 2015. Neither Myrna nor her husband, Greg, have made any prior taxable gifts....
What is the error to this Matlab code for part 3b? Please do parts 3b - 3e Image transcription text WC=1; [-,idx] = min (abs (wout - wc) ) ; A = mag (idx) ; - theta = phaseDeg (idx) ; DO YOUIA WN t...
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of Under Armour, Inc are presented in Appendix C. Instructions a. For each company, calculate...
If the cost function for a particular good is C(x) = 3x2 + 6x + 600, what is the (a) Marginal cost function? (b) Marginal cost if 30 units are produced? (c) Interpretation of your answer in part (b)?
The total revenue function for a commodity is R = 40x - 0.02x2, with x representing the number of units. (a) Find the marginal revenue function. (b) At what level of production will marginal revenue...
Determine whether each of the following compounds can be isolated in optically active form. Explain how you know. (a) Trans-1,2-dimethylcyclohexane (b) 1,1-dimethylcyclohexane (c)...
How does the use of ekphrasis in literature create a dialogue between the visual and verbal arts, enriching the reader's sensory experience and aesthetic appreciation ?
Lenny Davis purchased a new house for $250,000. He paid $30,000 down and agreed to pay the rest over the next 25 years in 25 equal annual payments that included principal payments plus 10 per cent...
Using the data set in column B., perform a Sensitivity Analysis on your Forecast 2023 assuming a change in COGS/Net Sales. Net Sales for Sensitivity 2023 is based on Forecast 2022 Net Sales. How does...
Suppose Xphone can raise the $150 million by issuing a bond with a face value of $150 million (because the lender naively believes the company will take the safe project). What is the expected profit...
Discuss the use of metafiction as a self-reflexive device to challenge traditional narrative conventions and blur the boundaries between fiction and reality. ?
Solve each problem. Evaluate Use determinant theorems if desired. |-3 -2 -3 5| 2 -1
APC16550D UART has a clock running at18.432 MHz and its baud rate is set to 2000.Determine the HEX contents of its DLM and DLL registers. Please can you explain step by step and in detail how you get...
A regression model is to be developed for predicting the ability of soil to absorb chemical contaminants. Ten observations have been taken on a soil absorption index (y) and two regressors: x1 =...
A chemical engineer is investigating how the amount of conversion of a product from a raw material (y) depends on reaction temperature (x1) and the reaction time (x2). He has developed the following...
The data in Table 12-5 are the 1976 team performance statistics for the teams in the National Football League (Source: The Sporting News). (a) Fit a multiple regression model relating the number of...
Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered requirements, and the market...
According to the Google, Inc. Privacy Policy Litigation, on what date did Google announce their new universal privacy policy?
alcolm and Brianna were married on December 15, 2022. They spent the remainder of the tax year in Paris, France. Malcolm is a lifelong resident of North Carolina. Brianna was a lifelong resident of...

If the total cost function for a commodity is C(x) = 400 + 5x + x3, what

Question:

Step by Step Answer:

It will cost about ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions