A company has the linear total cost function C(x) (a) What is the company's marginal cost?...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A company has the linear total cost function C(x) (a) What is the company's marginal cost? marginal cost = = 14x + 2152. (b) What does marginal cost mean in the context of this problem? O If the number of items produced increases by one, total costs will increase by 14 dollars. If the number of items produced increases by one, total costs will be equal to 14 dollars. O If the number of items produced increases by 14, total costs will increase by 2152 dollars. O If the number of items produced increases by 2152, total costs will increase by 14 dollars. (c) What are the company's fixed costs? A company has the linear total cost function C(x) (a) What is the company's marginal cost? marginal cost = = 14x + 2152. (b) What does marginal cost mean in the context of this problem? O If the number of items produced increases by one, total costs will increase by 14 dollars. If the number of items produced increases by one, total costs will be equal to 14 dollars. O If the number of items produced increases by 14, total costs will increase by 2152 dollars. O If the number of items produced increases by 2152, total costs will increase by 14 dollars. (c) What are the company's fixed costs?
Expert Answer:
Answer rating: 100% (QA)
Solution Given that company has cost function x 14x a 6 Marginal cast by Marginal Probl... View the full answer
Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780135969854
9th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
Posted Date:
Students also viewed these accounting questions
-
What does gradual refinement mean in the context of SDLC?
-
What does investment grade mean in the context of corporate bond issues? How do these bonds differ from junk bonds, and why have the latter proven so popular with investors?
-
What does the term reciprocal mean in the context of departmental cost allocation?
-
Assume that Jimmy Cash has $2000 in his checking account at Folsom Bank and uses his checking account card to withdraw $200 of cash from the banks ATM machine. By what dollar amount did the M1 money...
-
Lee Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2011, are presented below....
-
Using the information in question 8, determine the amounts and accounts that will be reported on the January 31 balance sheet and the income statement for the month ended January 31.
-
The conservation equation (5.1) is solved by the finite volume method on a two-dimensional structured Cartesian grid with constant steps \(\Delta x\) and \(\Delta y\). Develop the schemes based on...
-
The citizens of Spencer County approved the issuance of $2,000,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for...
-
please help. On January 1, 2019. Penny Co.. purchased a machine [its only depreciable asset} for $450,000. The machine has a five-year life. and no salvage value. Sum-of-the-years'- digits...
-
For this assignment, you will select an alternative consumer subculture to explore and analyze. Although we all belong to multiple subcultures, this assignment requires that you choose a subculture...
-
You obtain a 30-year home mortgage and your monthly payment is $3000.00. Instead of paying monthly as required, you ask the bank to allow you to pay $36,000 at the end of each year; the bank rejects...
-
What is one quality you could implement in a health care setting that you think will make your approach to work more positive? The Patient Protection and Affordable Care Act, also known as Obamacare,...
-
Select a market and present an analysis of the demand and supply changes that have occurred in that market over a recent period of time, and how the interaction of those changes impacted market...
-
Isaac Incorporated began operations in January 2 0 2 4 . For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes,...
-
1. As an undergraduate student, Shujuan accumulated $30,000 in student debt. If the government's debt-relief program is approved, $20,000 of her debt will be forgiven so that she will only have to...
-
Critique, why: the role of Andrew Jackson as apoplast, American soldier, and states man who served as the seventh president of the United States from 1829 to 1837. 2. Explain why: and argue; Andrew...
-
1.Do you think the researchs behaved ethically with regard to Genie? Explain I think that research were trying to understand what Genie was going through, but mostly for them Genie was a little girl...
-
Wal-Mart is the second largest retailer in the world. The data file on the disk holds monthly data on Wal-Marts revenue, along with several possibly related economic variables. a) Using computer...
-
Using the data for Problem 16.12 concerning the bonuses paid to workers on Wall Street from 2000 to 2018 (stored in Bonuses), a. Fit a third-order autoregressive model to the bonuses paid and test...
-
The file McDonalds contains the gross revenues (in billions of current dollars) of McDonald's Corporation from 1975 through 2018: a. Plot the data. b. Compute the linear trend forecasting equation....
-
Churn occurs when customers stop doing business with a company or stop subscribing to a service. The file Bank Churn Study contains data from a churn study conducted by an international bank. For...
-
An extract from the draft financial statements of Either Ltd at 30 November 2005 shows the following figures before allowing for any dividend which might be proposed: Additional information includes:...
-
Which operations have the same precedence in order of operations?
-
Which operations have the lowest precedence in order of operations?
Study smarter with the SolutionInn App