Suppose the fixed cost to make coffee mugs is $200, and the marginal cost to make one
Question:
Suppose the fixed cost to make coffee mugs is $200, and the marginal cost to make one mug is $0.85.
(a) Write a formula for the average cost function.
(b) As the number of mugs produced gets increasingly large, what does the average cost per mug approach?
(c) Sketch a graph of the average cost function.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
a b As x the number of ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Suppose the fixed cost to make chocolate croissants is $90, and the marginal cost to make one croissant is $0.68. (a) Write a formula for the average cost function. (b) As the number of croissants...
-
The fixed cost to Bernard Company of manufacturing 40,000 units of a particular part is $220,000 and the variable cost is $5.75 per unit. The company can buy the part from an outside supplier for...
-
Suppose Alpha Corporation's daily cost function is Its marginal cost is What is its efficient scale of production? What is its minimum average cost? Q1 100, 000 Q-5000+2Q MCI Q| = 100, 000-1, 000Q+6Q'
-
Prove that: [A (B C)] + [B (C A)] + [C (A B)] = 0. Under what conditions does A (B C) = (A B) C?
-
Let Y be 2(n). Use the central limit theorem to demonstrate that W = (Y n)/2n has a limiting cdf that is N(0, 1).
-
Round to the given place. 1. 57,534 to the nearest thousand 2. 39,583,819 to the nearest million 3. 768,542 to the nearest hundred-thousand
-
Explain at least three ways to reduce ATM fees charged to your account. Also describe the trade-offs involved in each action. Write About It Create a list with your explanations.
-
On January 1, 2013, Baldwin Products, as lessee, leases a machine used in its operations. The annual lease payment of $10,000 is due on December 31 of 2013, 2014, and 2015. The machine reverts to the...
-
Olay Inc. issues $40,000, 8%, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds under the following separate assumptions. a. The bonds pay cash interest annually...
-
An end milling operation is performed on an NC machining center. The total length of travel is 625 mm along a straight line path to cut a particular work piece. Cutting speed = 2.0 m/s and chip load...
-
Graph the following by hand. y = 2 - 1n x 2
-
If C = -14.6 and k = 0.6 and t is time in hours, how long will it take a frozen pizza to thaw to 10C in a room at 18C? Newtons law of cooling says that the rate at which a body cools is proportional...
-
As a general rule, debt service expenditures in a Debt Service Fund are recognized a. when the debt service payment is due. b. when resources to be used for the repayment are made available to a Debt...
-
Equity Information == 7 billion shares, Beta = 1.37, Market risk premium = 10.5%, Risk-free rate = 6.5% Debt Information $3 billion in outstanding debt (face value), Face value = 1300, Current Price...
-
8. Consider the following solution to producer/consumer problem. void producer(void) { int item; while(TRUE) void consumer(void) { int item; while(TRUE) { item=produce item(); P(&empty); P(&mutex);...
-
Your company currently keeps a safety stock of 209 units of a particular product that has a lead time of 5 days. Records indicate that the weekly demand was as follows: 1045 1454 804 1021 731 1338...
-
What does queer have to do with you? How does a queer lens influence the way you see the world? Why is queering important to you? https://www.them.us/story/what-does-queer-mean What new insights do...
-
What happens when the net present value (NPV) is negative and the internal rate of return (IRR) is greater than the required minimum rate of return? What is the criterion for choosing whether or not...
-
Supreme Manufacturing, Inc., reported the following at December 31, 2016, and December 31, 2017: Supreme Manufacturing has paid all preferred dividends through 2013. Requirement 1. Compute the total...
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
Graph each quadratic function. Give the (a) vertex, (b) axis, (c) domain, and (d) range. Then determine (e) the largest open interval of the domain over which the function is increasing and (f) the...
-
Use synthetic division to perform each division. x5 + 1 +1
-
Write each formula as an English phrase using the word varies or proportional. r = d/t, where r is the speed when traveling d miles in t hours
-
. Task 2: Multi-Stage Shortest Path Problem: Solve this problem using the Greedy method and Dynamic Programming. (50 points) 3 2 4 7 5 4 3 6 7 6 1 5 2 9 5 2 6 3 3 8 6 8 2 S=1 S=2 S=3 S=4 S=5
-
Can someone experienced in html and javascript explain how to get the save button to save the results into the hours worked, and how to code the valid & invalid forms . Task name (text field) ...
-
I dont understand thi. Students Grades: Create a Java application in NetBeans called "Lab07" that prompts the user to enter a length of an array, and then prompts the user to enter that numb...
Study smarter with the SolutionInn App