Write a formula for the marginal cost of production when y centiliters are produced. Your formula gives
Question:
In the following exercises suppose that x liters of orange juice can be produced for a total cost of $x2.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
The formula is a follows y100 2 y 1100 ...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Write down a formula for the marginal cost of production when x liters of orange juice are produced. Simplify your formula algebraically. In the following exercises suppose that x liters of orange...
-
A monopoly has a constant marginal cost of production of $ 1 per unit and a fixed cost of $ 10. Draw the firms MC, AVC, and AC curves. Add a downward- sloping demand curve, and show the profit-...
-
In problem 21, what is the marginal cost of a pound of food in Yucatan when the quantity produced is 150 pounds per day? What is special about the marginal cost of food in Yucatan?
-
How does the organization's mission, vision, values, and strategies shapes the organizational culture and develop culture for change?
-
Discuss how the elucidation of the structure of the ribosome can help us to understand its function.
-
Refer to the VAR regression results given in the following table. From the various F tests reported in the three regressions given there, what can you say about the nature of causality in the three...
-
Consider the flow in cylindrical coordinates with no dependence on \(\theta\). How is the streamfunction defined? What is the non-vanishing component of vorticity. Show that the \(E^{2}\) operator...
-
Assume the following facts for Munoz Company in 2016. Munoz reported pretax financial income of $ 800,000. In addition, Munoz reported the following differences between its pretax financial income...
-
List the characteristics (seven) of insurance contracts and explain each characteristic of insurance contract. 4. List and briefly explain the types of insurers as classified by place of...
-
Write a function that is given the original image img and returns the integral image. With the focus on speed, this function should run in O(hw) time, where h is height and w is width of the original...
-
Suppose you have $1,000 today and expect to receive another $1,000 one year from today. Your savings account pays an annual interest rate of 25%, and your bank is willing to lend you money at that...
-
Now measure orange juice in milliliters (there are 1,000 milliliters in a liter). Write formulas for total cost and marginal cost when orange juice is measured in milliliters. Convert your marginal...
-
(a) Find the equation of the tangent line to y = ln x at x = 1. (b) Use it to calculate approximate values for ln(1.1) and ln(2). (c) Using a graph, explain whether the approximate values are smaller...
-
Find \(e^{\mathbf{A} t}\), where \(t\) is scalar, using a. The expm command. b. The inverse Laplace-transform approach. \(\mathbf{A}=\left[\begin{array}{cc}-2 & 1 \\ 0 & 2\end{array} ight]\)
-
Financial managers are responsible for determining the best way to raise funds at the lowest possible cost, for ensuring that the funds are used to accomplish their firms goals and objectives, and...
-
Would the following provisions in a premarital agreement be legal in your state? Explain why. a. A clause designating how much support one spouse will receive from the other during the marriage. b. A...
-
a. Can any of the above five causes of actions be brought in your state? Check your state code and opinions written by courts in your state. If you find older cases that have permitted any of these...
-
Suppose the expected real interest rate in Hong Kong is 5 percent per year while that in Singapore is 2 percent per year. What do you expect to happen to the real HK$/SNG exchange rate over the next...
-
What is the re-engineered structure of BPR?
-
How much more interest will be earned if $5000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly?
-
An analyst is looking at two comparable companies. Company A has a lower price/earnings (P/E) ratio than Company B, and the conclusion that has been suggested is that Company A is undervalued. As...
-
A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. If the bond will be paid off at the end of 10 years, what...
-
A well-known industrial firm has issued $1000 bonds that carry a 4% nominal annual interest, rate paid semiannually. The bonds mature 20 years from now, at which time the industrial firm will redeem...
-
One aspect of obtaining a college education is the prospect of improved future earnings in comparison to non-college graduates. Sharon Shay estimates that a college education has a $28,000 equivalent...
-
United States Mexico Tank 1 hour 2 hours Taco 1 minute 1.5 minutes a. Who has the absolute advantage in tank production? Taco production? b. Who has the comparative advantage in tank production? Taco...
-
13) A local business owner is considering adding another employee to his staff in an effort to increase the number of hours the store is open per day. a. If the employee will cost the owner $4,000...
-
The standard variable overhead rate for Unbeatable Toys is $5. Budgeted fixed overhead is $20,000. Unbeatable Toys' budgeted production was 2,000 units for the current period and actual production...
Study smarter with the SolutionInn App