A cigar manufacturer produces x cases of cigars per day at a daily cost of 50x(x +
Question:
A cigar manufacturer produces x cases of cigars per day at a daily cost of 50x(x + 200)/(x + 100) dollars. Show that his cost increases and his average cost decreases as the output x increases.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
The cost function is Thus cost increases as output increa...View the full answer
Answered By
John Aketch
I am a dedicated person with high degree of professionalism, particularly in academic writing. My desire is to is to make students excel in their academic endeavor.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Review the media landscape and system in The Bahamas. Which theories/typologies would fit the nation's media best? Explain your answer thoroughly using "Normative Theories of The Media Journalism and...
-
Is management of the marketing channel the only instance of interorganizational management for a producing or manufacturing firm?
-
Carmex is dedicated to providing consumers with superior lip balm formulasthat heal, sooth and protectwhile ensuring lips remain healthy and hydrated, exclaims Paul Woelbing, president of Carma...
-
Mortgage interest rates. Refer to the data on annual mortgage interest rate 1Yt2, Exercise 14.41 (p. 14-37). You fit the simple linear regression model, E1Yt2 = b0 + b1t, to the data for the years...
-
On January 4, 2018, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan...
-
Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 25,000 toy action figures to be manufactured in June at standard direct materials and direct labor...
-
Suppose that P, y, and t are variables, where P is a function of y and y is a function of t. (a) Write the derivative symbols for the following quantities: (i) The rate of change of y with respect to...
-
A factorys weekly production costs y and its weekly production quantity x are related by the equation y 2 - 5x 3 = 4, where y is in thousands of dollars and x is in thousands of units of output. (a)...
-
State lotteries operate in 43 states. In most of those states, the lottery was approved by a majority vote of the residents in a statewide election. States operate lotteries as a revenue source to...
-
1. Why do companies that choose to open subsidiaries in other countries have different HR responsibilities? 2. How has globalization allowed companies to become "global companies" more easily? 3....
-
Is Kroger's innovation Product-related or process-related? Do the innovations tend to be incremental or radical? https://www.thekrogerco.com/about-kroger/our-business/ Kroger Co. opens new spoke in...
-
Define what is Process Mapping/Value Stream Mapping How do you apply process mapping methodology? What are the advantages of leaders using process mapping Identify a real world business...
-
What role do formalized processes and protocols play in highly structured organizations, and how can organizations balance the need for structure with the imperative for flexibility and innovation ?
-
In what ways do decision-makers balance quantitative data with qualitative insights to optimize complex strategic choices, especially in high-stakes business environments where traditional metrics...
-
Explain how to compute the z value corresponding to a value of a normally distributed random variable. What does the z value tell us about the value of the random variable?
-
Construct a 4 x 25 design confounded in two blocks of 16 observations each. Outline the analysis of variance for this design.
-
A study on motivated skepticism examined whether participants were more likely to be skeptical when it served their self-interest (Ditto & Lopez, 1992). Ninety-three participants completed a...
-
In 2013, Forbes reported the 10 top-earning comedians, and all 10 were menLouis C.K., Kevin Hart, and Larry the Cable Guy among them. A number of online journalists wanted to know why there were no...
-
Noting marked increases in weight across the population, researchers, nutritionists, and physicians have struggled to find ways to stem the tide of obesity in many Western countries. They have...
-
Carnes Cosmetics Co.'s stock price is $58, and it recently paid a $2.50 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and r s =...
-
You are the digital marketing director for High West fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that...
-
In-the-money put options will automatically get exercised at the expiration. True OR False
Study smarter with the SolutionInn App