Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 17, 2024

A total-cost function is given by c=27 In (q+2)+13. Find the marginal cost when q = 2. The marginal cost is (Simplify your answer.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The total cost function is given as c 27 lnq 2 13 To de... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

More Books

Students also viewed these Economics questions

Question

Describe, in detail, how the heapsort algorithm works. [10 marks] Show that the worst-case cost of heapsort is O(n log n). [6 marks] Would it be possible to implement a variant of heapsort based on a...

Answered: 1 week ago

Question

123 Compare the purely graphical properties of these two notations, and the ways in which the graphical properties of each display correspond to the information structure being defined. Describe...

Answered: 1 week ago

Question

a vessel, 7 . 5 meters high contains 2 5 0 kg of a gas at 5 8 0 kpa gauge and 2 7 degrees celsius. atmospheric pressure is 1 0 1 . 3 2 5 kPa. ( a ) what is the diameter of the vessel if 1 kg of the...

Answered: 1 week ago

Question

★★★★★

The SEC criticized Frank Sinopoli for not sending an audit inquiry letter to Geo Securities external legal counsel. Describe the nature and purpose of such a letter. Do you agree with the SEC that...

Answered: 1 week ago

Question

★★★★★

Each of 2 countries sends 5 delegates to a negotiating conference. A rectangular table is used with 5 chairs on each long side. If each country is assigned a long side of the table (operation 1), how...

Answered: 1 week ago

Question

★★★★★

Describe the types of firms that perform wholesaling activities and their functions. P-968

Answered: 1 week ago

Question

★★★★★

What is memory?

Answered: 1 week ago

Question

★★★★★

When Brunos basis in his LLC interest is $150,000, he receives cash of $55,000, a proportionate share of inventory, and land in a distribution that liquidates both the LLC and his entire LLC...

Answered: 1 week ago

Question

★★★★★

The contribution margin ratio is the proportion of each sales dollar available to cover fixed costs and provide for profit. The contribution margin ratio can be calculated as follows: Select one: a....

Answered: 1 week ago

Question

★★★★★

Complete the "Rate Category" column on the "Airline" worksheet. After completing the column do exploratory analysis of the airline data to determine how many Airlines fall under Category A ? Use the...

Answered: 1 week ago

Question

★★★★★

Explain how NAICOB (North American Indian Center of Boston- http://www.naicob.org/) related to the understanding of the topics listedbelow40 points: The role the nonprofit sector and philanthropy...

Answered: 1 week ago

Question

★★★★★

The use of loyalty programs in the marketplace allows companies to collect more and more data on customers. Some consumers do not realize this information is being compiled and used to market to...

Answered: 1 week ago

Question

★★★★★

(x) Consider the one-dimensional (1D) discrete system with linear springs depicted in Figure 1 for which we have the following data: 1) Boundary conditions (fixed support): U1 = 0, 42 = 0 2) External...

Answered: 1 week ago

Question

★★★★★

2 Sundial Company has assigned $710,000 in total overhead cost to four different activity cost pools. The activity requirements for its two products lines, Economy and Deluxe, are shown below. Input...

Answered: 1 week ago

Question

★★★★★

Water enters a crossflow heat exchanger (both fluids unmixed) at 16 C and flows at the rate of 7.5 kg/s to cool 10.0 kg/s of air from 120 C. For an overall heat transfer coefficient of 225 W/m K and...

Answered: 1 week ago

Question

★★★★★

In week 4, you will choose your topic and write thesis statement for the Argumentative Essay. Please select a topic and complete thesis statement. You are free to select whatever topic you like, as...

Answered: 1 week ago

Question

★★★★★

Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $70,000 in fixed costs. Of the fixed costs, $12,000 cannot be avoided. The effect of...

Answered: 1 week ago

Question

★★★★★

The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...

Answered: 1 week ago

Question

★★★★★

Consider again the Battle of the Sexes game described in exercise 24.4. Recall that you and your partner have to decide whether to show up at the opera or a football game for your date with both of...

Answered: 1 week ago

Question

★★★★★

A: Assume that the production technology uses labor and capital k as inputs, and assume through- out this problem that the firm is currently long run profit maximizing and employing a production...

Answered: 1 week ago

Question

★★★★★

In exercise 17.9, we considered the case of me trading assets that allow you to transfer consumption from good times to bad times. Suppose again that your income during economic expansions is e E and...

Answered: 1 week ago

Question

★★★★★

The city of Tucson, Arizona, employs people to assess the value of homes for the purpose of establishing real estate tax. The city manager sends each assessor to the same five homes and then compares...

Answered: 1 week ago

Question

★★★★★

Jacob Lee is a frequent traveler between Los Angeles and San Francisco. For the past month, he wrote down the flight times on three different airlines. The results are: a. Use the .05 significance...

Answered: 1 week ago

Question

★★★★★

Shanks Inc., a nationwide advertising firm, wants to know whether the size of an advertisement and the color of the advertisement make a difference in the response of magazine readers. A random...

Answered: 1 week ago

Previous Question Next Question