A linear cost function is C(x) = 27.55x + 5180. (a) What are the slope and the

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 what does it mean?

(c) What are the fixed costs?

(d) How are your answers to parts (a), (b), and (c) related?

(e) What is the cost of producing one more item if 50 are currently being produced? What is the cost if 100 are currently being produced?

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: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Oct 06, 2020 12:32 AM

See More Questions

A manufacturing concern's total cost function is C = X/5 and its revenue function is R = 39 log(8X + 1). Find the optimum output where the profit is maximized and the maximum profit.
A firms long-run total cost function is C = 360 + 40Q + 10Q2. a. What is the shape of the long-run average cost curve? b. Find the output that minimizes average cost. c. The firm faces the fixed...
What is marginal product, and what does it mean if it is diminishing?
Hemming Co. reported the following current year purchases and sales for its only product. Required Hemming uses a perpetual inventory system. Determine the costs assigned to ending inventory and to...
What is the probability of getting a total of 4 on a roll of a pair of dice? [8.8] A. 1 / 12 B. 1 / 9 C. 1 / 6 D. 5 / 36
Show that any matrix with distinct eigenvalues is nondefective.
A negatively charged particle located at the origin of an $x y z$ coordinate system is spinning clockwise about the $x$ axis (that is, clockwise when you look at the particle while standing...
Frameworks Artisans creates hand-painted picture frames. The frames are cast from resin in an automated process. Once the casting is done, talented artisans hand-paint one of fifteen designs on each...
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
In Problem solve each equation by factoring. 4t 2 - 4t + 1 = 0
Stutz Department Store will buy 10 pairs of sunglasses if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the sunglasses is willing to provide 35 pairs if the price is $80...
Which of the following is not one of the five basic phases of the management process? a. Planning b. Controlling c. Decision making d. Operating
Defamation requires proof that the defendants statements are ___________ and ____________.
What is the name of the legislation created to protect ISPs from defamation?
What are retraction statutes, and how do they operate?
True Or False Statements are more likely to be considered opinion if they are precise and easily verifiable.
True Or False In a case where the plaintiff is engaged in criminal conduct, pecuniary harm can be assumed.
Consider the following competing hypotheses: H0: xy 0 HA: xy < 0 The sample consists of 30 observations and the sample correlation coefficient is -0.60. a. Calculate the value of the test statistic....
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
A box of 12 transistors has 3 defective ones. If 2 transistors are drawn from the box together, what is the probability (a) That both transistors are defective? (b) That neither transistor is...
Suppose that 6 transistors are drawn at random from a box containing 18 good transistors and 2 defective transistors. What is the probability that (a) All 6 of the transistors are good? (b) Exactly 4...
A retailer purchases 100 of a new brand of DVD player, of which 2 are defective. The purchase agreement says that if he tests 5 chosen at random and finds 1 or more defective, he receives all the DVD...
How do norms intersect with systems of power and privilege, and how do dominant groups reinforce or challenge normative standards to maintain their social position?
You are earning $41,000 a year in city with a low cost of living. You are considering taking a job in another city where the cost of living is 15% higher. What is the minimum salary you would need to...
Describe qualitative factors that could also complement the ratio analysis and play an important role in improving financial performance.

A linear cost function is C(x) = 27.55x + 5180. (a) What are the slope and the

Question:

Step by Step Answer:

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

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions