Question: Can you solve my questions please ? i couldnt do them ? 8. A manufacturer has determined that the marginal-cost function is ac dq 0.003q2

Can you solve my questions please ? i couldnt do them ?

Can you solve my questions please ? i couldnt do them ?

8. A manufacturer has determined that the marginal-cost function is ac dq 0.003q2 - 0.4q + 40, where q is the number of units produced. If marginal cost is $27,50 when q # 50 and fixed costs are $5000, what is the average cost of producing 100 units? 9. A manufacturer has determined that, for a certain product, the average cost (in dollars per unit) is given by C2q2 - 42q + 228 + 210 where 3 $ 9 $ 12. (a) At what level within the interval 3, 12) should production be fixed in order to minimize total cost? What is the minimum total cost? (b) If production were required to lie within the interval (7,12], what value of q would minimize total cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!