Question: If the average cost function of a good is 20 AC = +4Q+9 find the fixed costs and an expression for the marginal cost function.

If the average cost function of a good is 20 AC

If the average cost function of a good is 20 AC = +4Q+9 find the fixed costs and an expression for the marginal cost function. . . The fixed costs are (Type a whole number.) The expression for the marginal cost function is (Simplify your answer. Type an expression using Q as the variable.)

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!

Using Microsoft Excel, Microsoft Project, or another project management software tool, develop a Work Breakdown Structure (WBS) for a project of interest, such as developing a website, building a...

If the average cost function of a good is 5 AC = 7+4Q + 14 find the fixed costs and an expression for the marginal cost function. . . . The fixed costs are (Type a whole number.) The expression for...

Question 20 Recall that if the cost of producing x units is C(x), then the average cost function is C(x)=C(x)/x. An artist who makes handmade earrings has fixed costs of $300 for a table at an art...

1.The price elasticity of demand for grape soda is 1.14. If a grocery store wants to increase the revenue it gets from selling grape soda, what should it do? A. Increase its price of grape soda B....

Minimizing Costs. Let C(x) be the cost of producing a units of a commodity. Part of the cost is independent of the output level x and is referred as the fixed cost, whereas the rest of the cost that...

In a perfectly competitive market there are 20 active firms producing a divisible good. The total cost function of each firm is C(Q) = Q2+4Q: There are no fixed costs. The demand is QD(P) = 805P (a)...

need help !! A company determined that the marginal cost, C'(x) of producing the xth unit of a product is given by C'(x) = x" -6x. Find the total cost function C, assuming that C(x) is in dollars and...

If the average cost function of a good is AC = 15/Q + 2Q + 9 find an expression for TC. What are the fixed costs in this case? Write down an expression for the marginal cost function.

Hi can you help me with detailed solutions to problems below: Problem # 1 Demand for a firm's product is: P = 140 - 6Q. The firm's cost equation is: C = 300 + 20Q. a) Determine the firm's optimal...

Can you help me solve problems below: Problem # 2 The University Eye Institute in upper New-York state is a state-of-the-art ophthalmology center that specializes in a sophisticated laser surgery to...

7. Complete each part of the problem. (a) Find the cost function if marginal cost, MC = - 8. 10 2x+100 with the fixed costs of $500. (b) The population of a country is predicted to be P(x) =...

The following debtor control account and debtors list were prepared by the owner of Siyadula Traders. The owner is unsure if he has correctly prepared it. REQUIRED: Use the following information to...

Journalize the entry for Hot Rod Service using the following data from the payroll register: Regular earnings $16,370 Overtime earnings 903 Federal income tax withheld 2,268 Social Security tax with...

Calculate d y d x . You need not expand your answer. y = ( x 0 . 5 - 6 x - 8 ) ( x - 1 x - 2 ) d y d x = 3 . [ - / 1 . 4 2 Points ] WANEAC 8 4 . 3 .

A seven-month note dated November 1, 2023, earning interest at 7.5%, has a maturity value of $6000. Determine the face value of the note.

Flynn Inc. has two temporary differences at the end of 2022. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Flynns accounting...

Pam Page, an office manager for Dr. Brown, receives an email from a patient requesting that she reply with his lab test results. Pam knows that the offices email system does not encrypt messages....

Find in the network shown using superposition. 4 A 12 V 2 mA

For Problem 23 in Chapter 1 we developed the functional block diagrams for the cruise control of serial, parallel, and split-power hybrid electric vehicles (HEV). Those diagrams showed that the...

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Considering what weve learned about externalities, should human-caused global warming be completely stopped? Explain, using the language of social benefits and social costs. klo5

According to Chinese government statistics, China imported 140,000 sedans in 2007. Lets see what would happen to consumer and producer surplus if China were to ban sedan imports. To keep things...

a. Consider a factory, located in the middle of nowhere, producing a nasty smell. As long as no one is around to experience the unpleasant odor, are any externalities produced? b. Suppose that a...