The farmer in Problem 3.13 has a fixed cost of $425,000 and a marginal cost of $15

Question:

The farmer in Problem 3.13 has a fixed cost of $425,000 and a marginal cost of $15 a bushel, (a)

Express his cost C as a function of the number x of bushels produced and estimate the function at (b)

x = 5000 and

(c) x = 20,000. image text in transcribed

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

Step by Step Answer:

Related Book For book-img-for-question

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

See More Books

Question Posted: Sep 20, 2024 06:02 AM

See More Questions

Design an application that declares two CheckingAccount objects and sets and displays their values. Write the pseudocode that defines the class from the class diagram & previous information...
IT off-shoring is a very controversial issue because it shifts jobs to other countries. At the same time, it has the potential to decrease the organization's costs significantly. Whether off-shoring...
Customer profitability Ring Delights is a new company that manufactures custom jewelry. Ring Delights currently has six customers referenced by customer number 01, 02, 03, 04, 05 and 06. Besides the...
The farmer in Problem 3.13 has a fixed cost of $425,000 and a marginal cost of $15 a bushel, (a) Express his cost C as a function of the number x of bushels produced and estimate the function at (b)...
Jan Lorange manages Poppa Rollos Pizza, Inc., which has prospered during its second year of operation. In order to help her decide whether to open another pizzeria, Lorange has prepared the current...
Calculate the present value of the following annuity streams: a. $4,000 received each year for 4 years on the last day of each year if your investments pay 5 percent compounded annually. (Do not...
A farmer in a purely competitive market receives $35 a bushel for each bushel of wheat sold, (a) Express his revenue R as a function of the number x of bushels sold and evaluate the function at (b) x...
(a) Use the algebra of functions to express the same farmers profit as a function of the number x of bushels sold, and evaluate the function at (b) x = 20,000 and (c) x = 30,000. (a) (x) = R(x) C(x)...
What are the different ways a country might use IFRS?
A short, cantilevered round peg is 40 mm in diameter and extends 10 mm from the wall. It is loaded, as shown, with a force F = 50 kN applied at the tip in the negative z direction, and a torque T=...
11. Todd fractured his wrist while he was Rollerblading. To relieve the pain, his doctor suggested that he take 500 mg of aspirin every 6 h. At this rate, only 26% of the aspirin remains in his body...
Solve the following problems using Mohr's circle. Given: P = 10.5 ksi + P Normal stresses: Ox'= Oy= 8 ksi Draw Mohr's circle and use it to determine the normal and shearing stresses after the element...
2. (6 points) Calculate the charge of a 4.0 g sample of Zinc (atomic number 30, atomic mass 65.37 g/mole, density 7.133g/cm) from which one electron out of every 101 electrons has been removed
Which two of the following statements are true about acquisition intelligence during the acquisition life cycle? A. Manages thresholds/objectives requirements to meet or exceed expected threat...
(a) A particle of charge q moves in a circle of radius R at a constant speed v. To sustain the motion, you must, of course, provide a centripetal force mv2/R; what additional force (Fe) must you...
When is the indirect pattern appropriate, and what are the benefits of using it?
Mountain Nursery Company grows a variety of plants and sells them to local nurseries. Raw materials consist of such items as seeds and the fertilizer required to grow plants from the seedling stage...
Carson Company produces a regular computer monitor that sells for $175 and a premium computer monitor that sells for $300. Last year, total overhead costs of $3,675,000 were allocated based on direct...
Provincial Company is deciding which of three approaches it should use to apply overhead to products. Information for each approach is provided in the following. ¢ One plantwide rate. The...

The farmer in Problem 3.13 has a fixed cost of $425,000 and a marginal cost of $15

Question:

(a) (b) (c) C(x)=15x + 425,000 C (5000) 15(5000) + 425,000 = 500,000 = C (20,000) 15 (20,000) + 425,000 = 725,000 =

Step by Step Answer:

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

Students also viewed these Business questions