(1 point) The total cost of producing x units of a certain commodity is C(x) thousand...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(1 point) The total cost of producing x units of a certain commodity is C(x) thousand dollars, where C(r) = x + 194x + 294 (a) Find A'(x), where A(x) C(x)/x is the average cost function. A'(x) (b) For what values is A(x) increasing? For what values is A(x) decreasing? (Enter your answers in interval notation, use 'infinity' for oo, and keep in mind the implicit domain of A(x)) (c) For what level of production x is average cost minimized? What is the minimum average cost? (1 point) The total cost of producing x units of a certain commodity is C(x) thousand dollars, where C(r) = x + 194x + 294 (a) Find A'(x), where A(x) C(x)/x is the average cost function. A'(x) (b) For what values is A(x) increasing? For what values is A(x) decreasing? (Enter your answers in interval notation, use 'infinity' for oo, and keep in mind the implicit domain of A(x)) (c) For what level of production x is average cost minimized? What is the minimum average cost?
Expert Answer:
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
Students also viewed these mathematics questions
-
The average cost of producing x units of a product is C 600ex/600 dollars per unit. What is the marginal cost when 600 units are produced?
-
Suppose the total cost of producing x units of a product is given by C(x) = 4500 + 120x + 0.05x2 (a) Find any asymptotes of the average cost function C(x) = C(x)/x. (b) Graph the average cost...
-
The following table shows the total cost of producing various quantities of shoehorns and the total value of those shoehorns to consumers. What are the price and quantity produced if the shoehorn...
-
The open-loop transfer function of a unity feedback system is: 20 G(s) (s + 1.5)(s + 3.5)(s+ 15) (a) Design a lag-lead compensator for G(s) using root locus so that the closed-loop system satisfies...
-
8 = 2x /5
-
Walgreens is a leading chain of drugstores in the United States. Use the following data for Walgreens in Years 7 and 8 to project revenues, cost of goods sold, and inventory for Year +1. Assume that...
-
1. To develop an understanding of your ethical leadership style 2. To understand how your preferred ethical leadership style relates to other ethical leadership styles Directions 1. Please read the...
-
Marie Janes encounters the following situations in doing the audit of a large auto dealership. Janes is not a partner. 1. The sales manager tells her that there is a sale (at a substantial discount)...
-
Steve consumes two goods, tacos, T, and Red Bull soda, R. His income is $60 per week, the price of tacos is $3 and the price of Red Bull is $2. [2'] A) What is the equation for his budget line?...
-
Presented below are excerpts from Note 1 to Starbucks' September 30, 2012, consolidated financial statements in which Starbucks describes accounting policy for long-lived assets. a. Leasehold...
-
Make a problem solving proposal for the following project: The following elements should be demonstrated in this assignment: Timely information technology policy and strategy issue Clear information...
-
An axial piston pump delivers 0.002 m/s at 3300 rpm. It has nine 16-mm diameter pistons arranged on a 135-mm piston circle diameter. Calculate the offset angle for the pump if the volumetric...
-
You took a team of machinists through the process of using control charts to determine the Process Capability. You applied the studies to a process that is in statistical control and the output is...
-
Continuing with the facts from question 1. Your clients, the Smiths, want to claim a tax deduction on their S Corporation return for the rents paid to them for the rentals of their personal...
-
3. End-of-month closing prices for 2 non-dividend-paying companies are presented below. Month Security A 1 123456 67 6/8 6/8 70 2/8 Security B 52 56 5/8 69 3/8 54 2/8 68 4/8 55 4/8 66 2/8 56 7/8 65...
-
You have a mechanical fish scale that is made with a spring that compresses when weight is added to a hook attached below the scale. Unfortunately, the calibrations have completely worn off the...
-
-A __________ is a tool for organizing (or structuring) a decision, which takes into account different __________ which might result under different __________. A payoff table; payoffs; states of...
-
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
-
Suppose that a liquid carries a drug into a 120-cc organ at a rate of 4 cc/s and leaves the organ at the same rate. If initially there is no drug in the organ, and if the concentration of drug in the...
-
A sociologist wants to pick 3 fifth-grade students from each of four schools. If each of the schools has 50 fifth-grade students, how many different groups of 12 students can he select? (Set up in...
-
The Borough Municipal Authority of Beaver, Pennsylvania, used the following function to determine charges for water. Where C(x) is the cost in dollars for x thousand gallons of water. (a) Find the...
-
The three major inputs into the manufacturing process are direct materials, direct labour and factory overheads. If the costs of any of these are not controlled, they may inflate the cost of...
-
Listed below are selected financial data from the accounting records of Innovative Computers Pty Ltd for the year ended 30 June 2019. Required (a) Prepare an income statement for the year ended 30...
-
Smart Manufacturing Systems Pty Ltd provides the following information. Required (a) Calculate total manufacturing costs for the period ending 30 June 2019. (b) Calculate cost of goods manufactured...
Study smarter with the SolutionInn App