Question: Answer the questions in Exercise 57 for the cost function C(q) = q 3 30q 2 + 400q + 500 Data from Exercises 57

Answer the questions in Exercise 57 for the cost function

C(q) = q3 − 30q2 + 400q + 500


Data from Exercises 57

Suppose the total cost of manufacturing q units of a certain product is C(q) thousand dollars, where

C(q) = 0.01q2 + 0.9q + 2

a. Find the total cost and the average cost of producing 10 units.

b. Find the cost of producing the 10th unit.

Step by Step Solution

★★★★★

3.47 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Cq q 3 30q 2 400q 500 where q is t... View full answer

blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Calculus With Applications Questions!

Q:

Suppose the total cost of manufacturing q units of a certain product is C(q) thousand dollars, where C(q) = 0.01q2 + 0.9q + 2 a. Find the total cost and the average cost of producing 10 units. b....

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...

Q:

Answer the questions in Exercise 1a-e for the sequence generated by u0 = 500 and un = (1 + 0.04/4) un-1 -25 where n 1. Let n be measured in quarter-years. In Exercise 1 a. Is this a loan or an...

Q:

1. Which of the following statement(s) is/are true? (2 Marks) Statement 1: other things remaining the same, to maximize profit, a firm will advertise more when the advertising elasticity is larger....

Q:

Xin hy ng h ti trong tp bi tp ny !!! Many thanks ^^ CHAPTER 3 PROCESS COSTING TRUE-FALSE STATEMENTS 1. Process cost accounting focuses on the process involved in mass-producing products that are very...

Q:

Hi i need help on questions 1, 5-7 please 5. [0.67/1 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 1.2.026. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The hourly operating cost of a certain plane, which...

Q:

I am so lost with all of this and the worst part it is due in an hour and a half. I don't know what to do please help. In this course you will have the opportunity to apply the concepts learned to a...

Q:

Answer all the attachment l4. I-IrConsider a perfectly competitive market. Suppose that all rms are identical and have the same cost function G (q) = 4g. 32 (a) What is the equilibrium price, 310,...

Q:

Answer the following questions 1. (BASED ON problem 10.4, page 262 in the text, and problem 11.2, page 281) Consider the town of Tuftsville, where everyone lives along Market street, which is 1 miles...

Q:

Chapter 4Exercises 5, 8, 12, 17, and18 Problem 12 172 iStockphoto Variable Costing In 2012, the all-tube amplifier p r o d u ce d b y C l a u s e n Tu b e r e ce i ve d rave reviews and the company...

Q:

When completing the application for his life insurance policy with his agent, Blarney accidentally provides the wrong year of birth on the application. Three years later, the agent and the insurer...

Q:

Replace the distributed loading with an equivalent resultant force, and specify its location on the beam measured from pointA. 8 kN/m -4 m -

Q:

Which of the following entities must include in gross income 1 0 0 % of dividends received from unrelated taxable domestic corporations in computing regular taxable income? Personal service...

Q:

1. Svetlana goes to a therapist who focuses on her negative automatic statements. Svetlana is most likely undergoing what type of therapy? a. Rational-emotive therapy b. Cognitive therapy c....

Q:

Determine whether each statement is true or false, and explain why. A correlation coefficient of zero indicates a perfect fit with the data.

Q:

Find the slope of each line. 4x + 7y = 1

Q:

Assume that each situation can be expressed as a linear cost function. Find the cost function in each case. Marginal cost: $75; 50 items cost $4300 to produce.

Q:

The 58153-SQ company manufactures a product that sells for $25 per unit. At present, the product is manufactured in a factory that mostly uses direct labor workers. The variable expenses are $15 per...

Q:

Present and future values of $ 1 at 3 % are presented below: \ table [ [ N , FV $ 1 , PV $ 1 , FVA $ 1 , PVA $ 1 , FVAD $ 1 , PVAD $ 1 ] , [ 1 , 1 . 0 3 0 0 0 , 0 . 9 7 0 8 7 , 1 . 0 0 0 0 , 0 . 9 7...

Q:

Markus Company's common stock sold for $4.75 per share at the end of this year. The company paid a common stock dividend of $0.57 per share this year, it also provided the following data excerpts...