Suppose the total cost in dollars of manufacturing q units is C(q) = 3q 2 + q
Question:
Suppose the total cost in dollars of manufacturing q units is C(q) = 3q2 + q + 500.
a. Use marginal analysis to estimate the cost of manufacturing the 41st unit.
b. Compute the actual cost of manufacturing the 41st unit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Cq 3q 2 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted:
Students also viewed these Mathematics questions
-
Suppose that the total cost in dollars of producing x units of a product is given by C(x) = 10,000 + 20xex/600 Find the marginal cost when 600 units are produced.
-
Suppose the cost in dollars of manufacturing q items is given by C = 2000q + 3500, and the demand equation is given by In terms of the demand q, (a) find an expression for the revenue R; (b) find an...
-
The total cost in dollars to produce q units of a product is C(q). Fixed costs are $20,000. The marginal cost is C'(q) = 0.005q 2 q + 56. (a) On a graph of C'(q), illustrate graphically the total...
-
A ball of mass 0.440 kg moving east( + x direction) with a speed of 3.30m/s collides head-on with a 0.220-kg ball at rest. If the collision is perfectly elastic, what will be the speed and direction...
-
Some businesses extend purchasing department employees the authority to perform a broader range of activities than do other businesses. What activities do all purchasing departments perform? What...
-
Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below:...
-
Which of the following items are normally classified as a current liability for a company that has a 15-month operating cycle? 1. Note payable due in 18 months. 2. Note payable maturing in 2 years....
-
Thomas was sent a credit card through the mail by a company that had taken his name and address from the telephone book. Because he never requested the card, Thomas left the card lying on his desk. A...
-
The firm A has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5 percent. The...
-
In Exercises 9 through 22, find dy/dx by implicit differentiation. y 2 + 2xy 2 3x + 1 = 0
-
In Exercises 13 through 20, use the chain rule to compute the derivative dy/dx for the given value of x. y = u 2 u; u = 4x + 3 for x = 0
-
Did Mexico become a larger international net debtor during 2007? Use the information in the following table on Mexico's 2007 international transactions to answer exercises 4-6 (the amounts are the...
-
Provide the firm name and web page. Does this firm provide highly specialized skills or generic skills? What client need does this firm specialize in? Which phase in the change lifecycle does the...
-
Provide a specific prompting strategies for each number (trainer action) it may be pictorial, written, gestural, modeling, material, verbal or manual explain briefly using the hierarchy or prompting...
-
When Loreen was planning a Caribbean cruise, she decides to purchase all her souvenirs in the Bahamas because the exchange rate would be to her benefit. This means Multiple Choice the currency in the...
-
Here is a list of phobias. Match each of the phobias to one of the 15 statements following the list. Type the letter attached to each phobia you choose next to each statement. The list below contains...
-
A B C D E 1 2 3 4 5 6 7 8 9 10 Kevin, a calendar-year taxpayer, utilizes the cash method of accounting for his small business, which provides various consulting expertise to the railroad industry. At...
-
CPA Question 03 During 2017, Orca Corp. decided to change from the FIFO method of inventory valuation to the weighted-average method. Inventory balances under each method were as follows: FIFO...
-
Prove that if Σ an is absolutely convergent, then a. an
-
Find the x-value of all points where the functions defined as follows have any relative extrema. Find the value(s) of any relative extrema. g(x) = -x 3 + 6x 2 - 12x - 3
-
For each function in Exercises, find (a) The critical numbers; (b) The open intervals where the function is increasing; and (c) The open intervals where it is decreasing. (x) = 4x 3 - 15x 2 - 72x + 5
-
Find the x-value of all points where the functions defined as follows have any relative extrema. Find the value(s) of any relative extrema. f(x) = 3 x3 + 3x 4
-
Hrubec Products, Incorporated, operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: Selling...
-
The AICPA guidelines suggest that taxes should be transparent and visible. This means that: a. The taxes affect similarly situated taxpayers in a similar manner. b. Taxes should be due at the same...
-
What is Apple Companys strategy for success in the marketplace? Does the company rely primarily on customer intimacy, operational excellence, or product leadership? What evidence supports your...
Study smarter with the SolutionInn App