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Find the total cost function C(Q) for each firm
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- Compute the average total cost, average variable cost, and marginal cost of producing 50 and 72 haircuts. Draw the graph of line three curves between 60 and 72 haircuts.Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing. Why do you think that average and marginal cost curves have the same general shape?How does fixed cost affect marginal cost? Why is this relationship important?
- Solve for the following:a. Marginal Costb. Average CostSuppose that a food manufacturing company’s cost function is given by thefollowing equation: (in the picture)Suppose a snowboard manufacturer increases its output by 1 snowboard per day. As a result, the total cost of producing snowboards each day rises from $100 to $110. The marginal cost of producing an extra snowboard is $ . (Only enter number; the $ sign has been provide for you.) Please answer neatly n give proper explanation within 40min2 13 on 4 tion 5 me solve this K A clothing company determines that its marginal cost, in dollars per dress, is given by the function below. The total cost of producing the first 220 dresses is $9724. Find the cost of producing the 221st through the 340th dress. 2 C'(x) = -25x+53, for x ≤650 The total cost is $ (Round to the nearest dollar as needed.) View an example Get more help - FERON kamint DELL ... Clear all Chock answer brrect: 1 A O 11:51
- Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows: 1. Show to calculate for the table below Output TFC TVC TC AFC AVC ATC MC 0 1000 1 100 2 100 3 400 4 450 5 1600 6 3200 7 6400 a) Given the partial data available, finish the table and calculate all the costs. b) What is the minimum efficient scale of Vinnie’s company? c) What is the marginal cost of 6 houses? d) If Vinnie charges $825 per house, how many houses he should paint to maximize profits?The''Sad Student'' Company finds that it costs a total of (q)=9720+500q-1.5q^(2)+0.005q^(3) Dollars to produce q lots of its latest board game named ''Calculus Teacher Shooter'' each lot of 100 games. A)Analyze the behavior of cost function. B)Interpret the constant term in the expression C C)Analyze the behavior of the marginal cost as a function of the output q. D)Interpret the effect of the constant term in the expression of total cost function on marginal cost function. E)Analyze the behavior average cost funtion. F)Analyze interaction of marginal cost and average cost numerically; and derive the formula of this relationship with respect to relevant mathematical economics theory and interpret your formula.6. Suppose a firm's total cost is given by TC=200+2Q-006Q² +.000020³ (a) What is the firm's fixed cost?
- production function: ƒ (k, 1) = 9 function. k Derive the firm's costg) What will be the firm’s total fixed costs?3. The "Sad Student" Company finds that it costs a total of C(q) = 9720 +500q – 1.5q +0.005q Dollars to produce q lots of its latest board game named "Calculus Teacher Shooter", each lot consisting of 100 games.. Analyze the behavior Interpret the effect of the of the marginal cost as a function of the output q constant term in the expression of total cost function on marginal cost function
