For instance, say the total cost of producing 100 units of a good is P200. The total cost of producing 101 units is P204. What is the marginal cost?
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For instance, say the total cost of producing 100 units of a good is P200. The total cost of producing 101 units is P204. What is the marginal cost?
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- The revenue for selling x units of a product is R = 150x. The cost of producing x units is C = 125x + 800. For what values of x will this product generate a profit?Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 1200 and the total revenue function R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fansAssume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEE
- For a certain product, the revenue is given by R = 60x and the cost is given by C(x) = 40x + 1100. To obtain a profit, the revenue must be greater than the cost. For what values of x will there be a profit? x >Cost, revenue, and profit are in dollars and x is the number of units. If the total profit function is P(x) = 3x – 18, find the marginal profit MP. MP = What does this mean? O This is the total cost. O The next unit sold costs this much to make. O This is the total revenue. O The next unit sold earns this much profit. O This is the total profit.Ay 3. Suppose the cost and the demand for a daily product is: C=10 d(p) = D(1 - w(p)) = 200-10p What is the total contribution (profit) based on the optimal price?
- According to the table below, what is the marginal cost of producing 90 units of outout? image for According to the table below, what is the marginal cost of producing 90 units of output? O FC VC 01,000 o 20Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,315 and that the marginal cost at this production level is C'(200) = 14 dollars per unit made. Use this information to estimate the total cost C(205). Enter the exact integer value of your cost estimate such as 9823 or 12376 for example.
- If, Total Fixed cost OMR 40000, Selling price per unit OMR 20, and Variable cost per unit OMR 12. What will be the amount of profit if actual sales are OMR 120000?Suppose that the demand for a product is given by Q = 25-0.25P. If the product's price is $128 per unit, how many units will consumers be willing to buy? 0 25B\ If the variable cost per unit is (10) and the fixed costs of production are (2000), draw a diagram of the total variable costs, fixed costs, and total costs if production is (100 units, 200, 300, 400 and 500).