Given the average cost function as below, find the MC function. * AC=Q²-40+174 A) 20-4 B) 20-4+174 C) ²-40² +1740 D) 30²-80+174 E) 30-40+174 The estimated monthly profit (in dollars) realizable by Cannon Precision Instruments for manufacturing and selling x units of its model M1 camera is P(x) = -0.02x² + 400x - 13,000 To maximize its profits, how many cameras should Cannon produce each month? A. 10,000 cameras B. 10,100 cameras C. 10,050 cameras D. 10,025 cameras Choose Yes or No * if f(x) = (3x4 + 1)¹º, does f'(x) = 10(3x² + 1)º? O Yes No Choose Yes or No * if f(x) = (2x + 1)5, does f'(x) = 10(2x+1)+? O Yes No

Given the average cost function as below, find the MC function. * AC=Q²-40+174 A) 20-4 B) 20-4+174 C) ²-40² +1740 D) 30²-80+174 E) 30-40+174 The estimated monthly profit (in dollars) realizable by Cannon Precision Instruments for manufacturing and selling x units of its model M1 camera is P(x) = -0.02x² + 400x - 13,000 To maximize its profits, how many cameras should Cannon produce each month? A. 10,000 cameras B. 10,100 cameras C. 10,050 cameras D. 10,025 cameras Choose Yes or No * if f(x) = (3x4 + 1)¹º, does f'(x) = 10(3x² + 1)º? O Yes No Choose Yes or No * if f(x) = (2x + 1)5, does f'(x) = 10(2x+1)+? O Yes No

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 5E

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Assume that it costs a company approximately C(x) = 400,000 + 140x + 0.003x? dollars to manufacture x smartphones in an hour. (a) Find the marginal cost function. 400,000 – 0.000009 Use it to estimate how fast the cost is increasing when x = 10,000. 2$ per smartphone Compare this with the exact cost of producing the 10,001st smartphone. The cost is increasing at a rate of $ per smartphone. The exact cost of producing the 10,001st smartphone is $ Thus, there is a difference of $ (b) Find the average cost function C and the average cost to produce the first 10,000 smartphones. C(x) = C(10,000) = $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 10,000 smartphones. -Select--- at a production level of 10,000 smartphones. The marginal cost from (a) is --Select--- than the average cost from (b). This means that the average cost is
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ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the above
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A company makes solar panels. The company's revenue function, in dollars, is R(n)= 10n , where n is the number of panels produced. The cost function is C(n) = 100(2)30 . R and C are shown on the graph below. 1000 800 600 400 200 20 40 60 80 100 1 Number of Panels a) Estimate from the graph i) the break-even points e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? ii) the cost function is changed to C(n)=100(2)35 ? f) What does the number that was changed in part e) ii) represent? Dollars
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TC 400+150Q-3Q2 +0.02Q3 400 Based on this equation, find total fixed cost calculate total fix cost -