The cost function for a certain commodity is C(x) = 84 + 0.16X - 0.0006X2 + 0.000003X3
Question:
(a) Find and interpret C'(100).
(b) Compare C'(100) with the cost of producing the 101st item.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
a Cx 84 016x 00006 0000003r Cx 016 ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Question Posted:
Students also viewed these Calculus questions
-
The cost function for a certain commodity is C(q) = 84 + 0.16q - 0.0006q 2 + 0.000003q 3 (a) Find and interpret C'(100). (b) Compare C'(100) with the cost of producing the 101st item.
-
The demand function for a certain commodity is p = 5 x/10. Find the consumer surplus when the sales level is 30. Illustrate by drawing the demand curve and identifying the consumer surplus as an...
-
The demand function for a certain commodity is given by p = 100e-q/2. (a) At what price per unit will the quantity demanded equal 6 units? (b) If the price is $1.83 per unit, how many units will be...
-
Based on your reading of the rules of Professional Code of Conduct as given by AICPA, which part of the code did the accountants of Enron, Waste Management or Wells Fargo have violated and how about...
-
Consider a product that is "settled in." Its MTBF distribution has been found to be normal with a mean of 10,000 hours and a standard deviation of 100 hours. What is the probability of a breakdown...
-
A study in Computers and Electronics in Agriculture (Vol. 174, 2020) provides a method for obtaining uniform seed varieties from crop production. A computer vision system was developed to distinguish...
-
For the HiTech example (17.1), find the risk-neutral probability of default. Example 17.1 (A leveraged firm) The HiTech firm currently has a value of $1 mil- lion and is financed in part by a 5-year...
-
This case is based on the Q.M. in Action, Pricing for Environmental Compliance in the Auto Industry. In this case we build a model similar to the one built for General Motors. The CAFE requirement on...
-
The Expectancy theory concept of "expectancy" refers to what explain?
-
The weighted graphs in the figures here show some major roads in New Jersey. Part (a) shows the distances between cities on these roads; part (b) shows the tolls. a) Find a shortest route in distance...
-
Suppose that the cost (in dollars) for a company to produce x pairs of a new line of jeans is (a) Find the marginal cost function. (b) Find C'(100) and explain its meaning. What does it predict? (c)...
-
If p(x) is the total value of the production when there are x workers in a plant, then the average productivity of the workforce at the plant is (a) Find A'(x). Why does the company want to hire more...
-
Determine the magnitude of acceleration of the airplane during the turn. It flies along the horizontal circular path AB in 40 s, while maintaining a constant speed of 300 ft/s. A 60
-
We have following data for a corporate bond: - Nominal value $100,000 - Semiannual coupon rate 5%. - Coupons are paid semiannually with redemption of face value at the end. - Maturity 3 years With...
-
Describes the organization's financial condition. https://venicefamilyclinic.org/?view=vfc_home Financial statement and report https://venicefamilyclinic.org/about-the-clinic/#financials
-
Steam enters a well-insulated nozzle operating at steady state at 800 F, 400 psia and a velocity of 5 ft/s. At the nozzle exit, the pressure is 14.696 psia (or 14.7 psia), and the velocity is 3650...
-
Pretend you are starting up a small business that will have some employees. What benefits would you want to be able to offer them? Would the Affordable Care Act influence your decisions regarding...
-
How do you calculate the present value of a series of quarterly floating rate payments for the next 8 quarters? Notional value is 100Million annual rates based on quarterly compounding Forward Rates...
-
Dennis Willard is a successful, veteran car salesperson who spent about half his career, from February 2005 to December 2016, at Huntington Ford. Willard was regarded as one of Huntington Fords top...
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
What three goals should you accomplish in the introduction to your presentation?
-
Use the extension of set-builder notation concepts and the roster method to write the given set. D= {2x-91xE N and x < 5}
-
Statement of financial position/Balance sheet structure Level of difficulty: Moderate Chugoku Electric Power Company, Inc., was established in 1951 as one of ten electric power companies in Japan. It...
-
60.Blackstone Company uses a process costing system and has 14,000 units remaining in the work-in-process inventory. These units are 75% and 40% complete with regard to materials and conversions...
Study smarter with the SolutionInn App