Question: The cost function for a certain commodity is C ( q ) = 8 6 + 0 . 1 3 q 0 . 0 0

The cost function for a certain commodity is
C(q)=86+0.13q 0.005q2+0.0006q3.
(a)
Find
C(100).

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!

Q:

The cost function for a certain commodity is C q 86 0 14q 0 007q 0 0005q a Find C 100 100 X Interpret C 100 This is the amount of time in minutes it takes to produce 100 items This is the rate at...

Q:

The cost function for a certain commodity is C q 86 0 15q 0 005q2 0 00079 a Find C 100 Interpret C 100 This is the rate at which the production level is decreasing with respect to the cost when x 100...

Q:

Please solve the following problems as instructed. Please cut and paste any tables that you create into MS-Word and attached your MS-Excel files and MS-Word file to the folder. Please note that all...

Q:

answ There are 10 potential entrants into the market for tomatoes. All tomato growers are identical. They face a fixed cost of 500 if they choose to enter the market and then have a marginal cost of...

Q:

explain all 1. (55 points) Egbert consumes only axes (X) and mead (Y ). His utility function is U = XY , his income is I and the prices of axes and mead are pXand pY respectively. (a) What is...

Q:

ITS man explain all QUESTIONS for the Written Analysis General requirement: Assume you are addressing some concerns by the board of directors by answering the following questions listed in the...

Q:

1. A firm's analysts estimate that the firm can manufacture a product according to the production function : Q = F (K ,L) = K 3/4 L 1/4 a. Calculate the average product of labour, APL, when the level...

Q:

If you could help me find part b that would be Awsome also the pdf's arnt loading for me so if you could post the answer in the comments that would be Awsome The cost function for a certain commodity...

Q:

I am in 1st year university so please keep answers to that level Question 3 (7 points) Cost/Average Cost A linear cost function, in dollars, is given by C (q) = mq+b where $ b is the fixed cost, m...

Q:

2. [-/4.54 Points] DETAILS ASWSBE14 5.E.008. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following data were collected by counting the number of operating rooms in use at Tampa General Hospital...

Q:

The following are selected 2015 transactions of Pedigo Corporation. Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $75,000 a...

Q:

What are corporate capital gains and capital losses? How are they treated for tax purposes?

Q:

The Scenario: Your client Sarah is buying $ 1 8 0 , 0 0 0 in office equipment for her consulting business. Her taxable income this year is $ 9 5 , 0 0 0 , but she expects it to jump to $ 2 5 0 , 0 0...

Q:

What are some food related health care issues that inner cities are more likely to see than more affluent areas? Why are certain areas most likely to experience inadequate healthy food options than...