Figure 4.65 shows cost with q = 10,000 marked. (a) Find the average cost when the production

Question:

Figure 4.65 shows cost with q = 10,000 marked.
(a) Find the average cost when the production level is 10,000 units and interpret it.
(b) Represent your answer to part (a) graphically.
(c) At approximately what production level is average cost minimized?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

See More Books

Question Posted: Apr 12, 2023 04:53 AM

See More Questions

FIGURE P39.33 shows the probability density for finding a particle at position x. a. Determine the value of the constant a, as defined in the figure.b. At what value of x are you most likely to find...
The production engineers at Impact Industries have derived the expansion path shown in the following figure. The price of labor is $100 per unit. a. What price does Impact Industries pay for capital?...
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...
The supplies account had a beginning balance of $1,523. Supplies purchased during the period totaled $4,928. At the end of the period before adjustment, $382 of supplies were hand. Prepare the...
Imagine that the Mini-Dow Average (MDA) is based on the closing prices of 5 stocks. The divisor used in the calculation of the MDA is currently 0.765. The closing prices for each of the 5 stocks in...
What teambuilding suggestions would you recommend?
What courses in your educational program address the development of communications skills? What skills do you think employers are looking for? Do you think there should be more emphasis on...
The International Bank of Commerce (IBC) is an audit client of your public accounting firm. IBC is a multinational financial institution that operates in 23 countries. During the current years audit,...
__ are commonly used to hedge interest rate risk. a. Currency swaps b. Parallel loans c. Interest rate swaps d. Forward contracts e. None of the above
The revenue from selling q items is R(q) = 500q q 2 , and the total cost is C(q) = 150+10q. Write a function that gives the total profit earned, and find the quantity which maximizes the profit.
The elasticity of a good is E = 2. What is the effect on the quantity demanded of: (a) A 3% price increase? (b) A 3% price decrease?
As price declines, quantity demanded rises and quantity supplied falls. Draw the supply and demand curves that represent this state of affairs.
The break even point of a company is $240 000. They sell their product at a markup of 30% and have variable expenses of 9% of sales. They currently make a profit of $10 500. They plan on reducing...
What kind of messages are young girls and boys receiving about whether their safety in relationships is valued are by their families and communities? Do we emphasize to our children (boys and girls)...
Below are the transactions for Oliver Printing, Incorporated for June, the first month of operations. June 1 Obtain a loan of $ 5 6 , 0 0 0 from the bank by signing a note. June 2 Issue common stock...
Assume an organization must invest $ 7 0 0 , 0 0 0 in fixed costs to produce a product that sells for $ 7 5 and requires $ 4 0 in variable costs to produce one unit. What is the organization s...
hotel delta marriott montreal What do you think is the value and purpose for the hotel brand choosing to make CSR an important part of their overall business strategy? What two recommendations based...
Identify the pros and cons or any issues associated with your proposed tactics.
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
college of business has 20 faculty members in Accounting, 30 in Marketing, 20 in Management, 15 in Finance, and 15 in Information Systems. The dean of the college asks her secretary to arbitrarily...
In 2001, the average U.S. production employee worked 34.2 hours per week. An assistant in the human resources department of Acme Eyebolts, Inc., is curious as to how the workers in her company...
Data from the Federal Bureau of Investigation show that 1 of every 189 motor vehicles was stolen during 2000. Applying this statistic to 5 motor vehicles randomly selected from the nations vehicle...
Diplomatic Security Service provides Airport Transportation and Surveillance Service to Foreign Diplomats in Guyana. The company has two support departments - Information Systems and Equipment...
Q1: A disparity of bargaining power between the parties to a contract may result in unfair terms but a court is not likely to consider the contract unconscionable. Group of answer choices a. True b....
Life Tool Manufacturing has a system in place to recall products that prove to be dangerous at some time after manufacture and distribution. This represents which element of the due care theory?...

Figure 4.65 shows cost with q = 10,000 marked. (a) Find the average cost when the production

Question:

20,000 10,000 A XXX 10,000 Figure 4.65 A C(q) 9

Step by Step Answer:

a The average cost of quantity q is given by the formula Cqq From the graph we see that C10000 16000 ...View the full answer

Applied Calculus

Students also viewed these Mathematics questions