In Problem, cost, revenue, and profit are in dollars and x is the number of units. If

Question:

In Problem, cost, revenue, and profit are in dollars and x is the number of units.

If the marginal cost for producing a product is M̅C̅ = 88 - 2e^-0.01x, with a fixed cost of $6200, find the total cost function and the cost of producing 20 units (to the nearest dollar).

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: Nov 16, 2020 01:16 AM

See More Questions

In below Problems cost, revenue, and profit are in dollars and x is the number of units. 1. Suppose the total cost function for a product is C(x) = 3x2 + 15x + 75 How many units will minimize the...
If the marginal cost for producing a product is MC = 5x + 10, with a fixed cost of $800, find the cost of producing 20 units. Cost, revenue, and profit are in dollars and x is the number of units.
A firm operates with the production function Q = K2L. Q is the number of units of output per day when the firm rents K units of capital and employs L workers each day. The marginal product of capital...
Design an application that declares two CheckingAccount objects and sets and displays their values. Write the pseudocode that defines the class from the class diagram & previous information...
If you are writing networking code on Android that uses a socket to download a file, what should you consider doing that is different than on a standard Linux system?
If the price of cotton increased 10 percent when cotton producers thought other prices were rising 5 percent over the same period, what would happen to the quantity of RGDP supplied in the cotton...
Suppose the wealth that is to be received at a time $T$ in the future has the form where $a$ is a constant and $x$ is a random variable. The value of the variable $h$ can be selected by the...
On July 27, 20X0, Arthur Ward, CPA, issued an unqualified audit report on the financial statements of Dexter Company for the year ended June 30, 20X0. Two weeks later, Dexter Company mailed annual...
Your company is excited with the information discussed regarding the cloud technologies that are available to Get-Sole Shoes. Now the management team wants to examine what its cloud infrastructure...
UNIVERSITY SLUM-LORD (USL) does business by leasing single-family homes minimizing the upkeep on them, and then renting them to students who attend college in the same city. The paragraphs below...
Evaluate the integrals in Problem. 1600e 0.4x dx
Evaluate the integrals in Problem. (x 3 - 3x 2 ) 5 (x 2 - 2x) dx
Revise the following sentences so that their parts are balanced. Sending an e-mail establishes a more permanent record than to make a telephone call.
Automation has become an integral part of accounting processes. . Apply your knowledge to analyze the impact of automation on the accounting field. Consider both positive and negative effects....
The management of PBC Limited is considering whether or not to consolidate Golden Bean Hotel Ltd . because they were told by their consultants that companies are exempted from consolidation as far as...
Explain the basis and criteria that should be considered to determine the optimum level of inventories?
Bodie, a single taxpayer, worked as a self employed consultant for the first three months of 2023. During that time, he earned $21,270 of self-employment income. On April 1, 2023, Bodie took a job as...
Simpson Peripherals earned $0.90 per share in 2010 and $1.52 in 2015. Calculate the annual growth rate in earnings per share over this period.
Rolla Company has a choice of two investment alternatives. The present value of cash inflows and outflows for the first alternative is $125,000 and $100,000, respectively. The present value of cash...
In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...
Apply the KruskalWallis test and the following statistics to determine whether there is enough statistical evidence at the 10% significance level to infer that the population locations differ. T 1 =...
From the following statistics, use the KruskalWallis test (with = .01) to determine whether the population locations differ. T 1 = 1,207 n 1 = 25 T 2 = 1,088 n 2 = 25 T 3 = 1,310 n 3 = 25 T 4 =...
Conduct the KruskalWallis test on the following statistics. Use a 5% significance level. T 1 = 984 n 1 = 23 T 2 = 1,502 n 2 = 36 T 3 = 1,430 n 3 = 29
As of June 30, Year 1, the bank statement showed an ending balance of $16,878. The unadjusted Cash account balance was $15,239. The following information is available: 1. Deposit in transit, $2,190....
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are highly regarded network maintenance programs. Cloud-X is used for small...

In Problem, cost, revenue, and profit are in dollars and x is the number of units. If

Question:

Step by Step Answer:

Cx 88 2e 001x dx 88x 200...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions