It costs $4800 to produce 1295 items and it costs $4830 to produce 1305 items. What is
Question:
It costs $4800 to produce 1295 items and it costs $4830 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
The marginal cost is approx...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
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
Question Posted:
Students also viewed these Mathematics questions
-
The average cost of producing units of a commodity is c(x) = 21.4 0.002x. Find the marginal cost at a production level of 1000 units. In practical terms, what is the meaning of your answer?
-
A company produces motorcycles. The cost of producing x motorcycles per month is given by C(x)=250,000+15,000x-0.3x. What is the marginal cost at a production level of 500 motorcycles per month? Give...
-
The total cost (in dollars) of printing x dictionaries is C(x) = 20,000 + 10x (A) Find the average cost per unit if 1,000 dictionaries are produced. (B) Find the marginal average cost at a production...
-
Stuart and Belinda, who earn good salaries, want to buy a property they can use to live in and operate a bed and breakfast in their retirement. The only funds they have available is their combined...
-
Refer to Data Set 16 in Appendix B and find the maximum and minimum earthquake magnitudes, then use those values with the range rule of thumb to estimates. How many earthquakes must you randomly...
-
Behavioral questions are normally hypothetical, or what if questions. A. True B. False
-
On January 1, 2004, the stockholders equity section of Parge Hotels Corporation shows: common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings...
-
Public-sector unions now account for more than half of union members, while the private sector accounts for less than half. Why has this change occurred?
-
A partially completed aging of receivables schedule for Lindy Designs is shown below. a. Complete the schedule and determine the total estimate of uncollectible accounts. Round your answers to two...
-
For the function g(x) graphed in Figure 2.45, are the following nonzero quantities positive or negative? (a) g'(0) (b) g"(0) 4 2 1 -4 -3 -2 -1 0 1 2 3 4 Figure 2.45 X
-
You put a yam in a hot oven, maintained at a constant temperature of 200 C. As the yam picks up heat from the oven, its temperature rises. (a) Draw a possible graph of the temperature T of the yam...
-
In March 2015, Jim asks you to prepare his Federal income tax returns for tax years 2012, 2013, and 2014. In discussing this matter with him, you discover that he also has not filed for tax year...
-
The pulse rates of 152 randomly selected adult males vary from a low of 37 bpm to a high of 117 bpm. Find the minimum sample size required to estimate the mean pulse rate of adult males. Assume that...
-
A rod 12.0 cm long is uniformly charged and has a total charge of -23.0 C. Determine the magnitude and direction of the electric field along the axis of the rod at a point 32.0 cm from its center....
-
Hello need help with this problem. The transactions relating to the formation of Blue Company Stores Incorporated, and its first month of operations follow. a. The firm was organized and the...
-
At the beginning of the year, the net assets of Shannon Company were $492,600. The only transactions affecting stockholders equity during the year were net income of $70,200 and dividends of $15,400....
-
The claim is that smokers have a mean cotinine level greater than the level of 2.84 ng/mL found for nonsmokers. (Cotinine is used as a biomarker for exposure to nicotine.) The sample size is n = 739...
-
Two methods of measuring surface smoothness are used to evaluate a paper product. The measurements are recorded as deviations from the nominal surface smoothness in coded units. The joint probability...
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
(a) Show that about 95% of the area under the standard normal curve lies between -2 and 2. (b) Let X be a normal random variable with expected value and variance 2 . Compute Pr ( - 2 X + 2).
-
An experiment consists of selecting a point at random from the region inside the triangle in Fig. 10(b). Let X be the sum of the coordinates of the point. Find the corresponding density function of...
-
The amount of weight required to break a certain brand of twine has a normal density function, with = 43 kilograms and = 1.5 kilograms. Find the probability that the breaking weight of a piece of...
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App