In Problem, cost, revenue, and profit are in dollars and x is the number of units. The
Question:
In Problem, cost, revenue, and profit are in dollars and x is the number of units.
The average cost of a product changes at the rate C̅'(x) = -10/x2 + 1/10 and the average cost of 10 units is $20.
(a) Find the average cost function.
(b) Find the average cost of 20 units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Cx 10x 2 110 a b C20 1020 ...View the full answer
Answered By
Chelangat catherine
I currently studying in my master degree in maharaja Krishna Kumar Singhji bhavnagar University with statistics subject. And i currently tutoring in Chegg and coursehero plateform since 1 year. So I have a 1 year experience of my tutoring in my subject
0.00
0 Reviews
10+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
In below Problems cost, revenue, and profit are in dollars and x is the number of units. 1. Suppose the total cost function for a product is C(x) = 3x2 + 15x + 75 How many units will minimize the...
-
The average cost of a product changes at the rate and the average cost of 10 units is $20.00. (a) Find the average cost function. (b) Find the average cost of 20 units. Cost, revenue, and profit are...
-
The average cost of a product changes at the rate C(x) = - 6x-2 + 1 / 6 and the average cost of 6 units is $10.00. (a) Find the average cost function. (b) Find the average cost of 12 units. Cost,...
-
The English publisher of a book called Cambridge gave a New York publisher permission to sell that book any place in the world except in England. The New York publisher made several bulk sales of the...
-
When booting Linux (or most other operating systems for that matter), the bootstrap loader in sector 0 of the disk first loads a boot program which then loads the operating system. Why is this extra...
-
Apply the direct write-off and allowance methods to account for accounts receivable. (p. 286) AppendixLO1
-
Over the last decade Chinese investments in the EU have been welcomed. How would you assess the EUs likely attitude to Chinese investment in the longer term? LO.1
-
Below are transactions for Wolverine Company during 2021. 1. On December 1, 2021, Wolverine receives $4,000 cash from a company that is renting office space from Wolverine. The payment, representing...
-
Determine the amount of cash collected at the time of making a cash sale of $ 9 , 2 2 0 worth of merchandise subject to 1 3 % HST .
-
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: a. Compute MAD for the fifth period,...
-
Evaluate the integrals in Problem. 4/e 1-2x dx
-
In Problem, find the particular solution. y' = e 2x+1 y(0) = e
-
The following table shows music preferences found by a survey of the faculty at a local university. Express your answers in fraction form. a. Find the probability that a randomly selected person from...
-
For each of the following independent situations, state whether the following accounting practices are in accordance with or in violation of generally accepted accounting principles. Identify the...
-
Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $200,000 per year. Its...
-
How much is the over/underapplied FOH? (PLASTIC PRODUCTS) A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and...
-
In the circuit below, identify how the resistors are connected and then identify the quantity that must always be the same for these resistors.
-
Consider two firms that operate in a perfectly competitive market. While producing their products, these firms generate pollution. Assume that it is possible to reduce pollution by adopting an...
-
The Southeast Asia Corporation (SAC) is to be liquidated. The market value of its assets is $16.3 million. Bonds with a face value of $5.6 million are unsecured. SAC has no subordinated debentures...
-
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
-
In a recent Gallup poll 53% of American adults believed that Congress is doing a poor or bad job. Suppose that you randomly choose 100 American adults and ask their opinion about Congress. a....
-
Repeat Exercise 7.106 using Excel. In exercise 7.106 Suppose X is a binomial random variable with n = 25 and p = .7. Use Table 1 to find the following. a. P(X = 18) b. P(X = 15) c. P(X 20) d. P(X ...
-
Repeat Exercise 7.103 using Excel. In exercise 7.103 Given a binomial random variable with n = 6 and p = .2, use the formula to find the following probabilities. a. P(X = 2) b. P(X = 3) c. P(X = 5)
-
This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. (Click the icon to view the cases.) Compare the balances in all the accounts after making...
-
Balance sheet and income statement data for two affiliated companies for the current year appear below: BALANCE SHEET As at December 31, Year 6 Albeniz Bach Cash $ 40,000 $ 21,000 Receivables 92,000...
-
please reference excel cells Caroll Manufacturing company manufactures a single product. During the past three weeks, Caroll's cost accountant observed that output costs varied considerably. The...
Study smarter with the SolutionInn App