Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 10, 2024

Given Cost and Revenue functions C(q) = q - 11q2 +57q + 5000 and R(q) = - 3q + 2400q, what quantity minimizes marginal cost?

Given Cost and Revenue functions C(q) = q - 11q2 +57q + 5000 and R(q) = - 3q" + 2400q, what quantity minimizes marginal cost? It would be items. (Round to nearest whole number)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Non-metrisable Manifolds

Authors: David Gauld

1st Edition

9812872574, 9789812872579

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Mr. W is a professional golfer who played 23 tournaments in 14 different states and earned $893,000 total prize money for the year. When he is not traveling, Mr. W lives with his family in Tucson,...

Answered: 1 week ago

Question

★★★★★

What characteristic does Ruby share with Smalltalk?

Answered: 1 week ago

Question

★★★★★

Anger: The Medical Perspective Search the Internet for medical research studies on anger. Go to the book Web site at www.mhhe.com/waitley5e for links to various medical Web sites. What effect does...

Answered: 1 week ago

Question

★★★★★

Howie Stars produces stars for elementary teachers to reward their students. Howie Stars trial balance on June 1 follows: June 1 balances in the subsidiary ledgers were as follows: Raw Materials...

Answered: 1 week ago

Question

★★★★★

BIA Enterprises manufactures and sells one product. The following information pertains to each company's first two years of operations: During its first year of operations, Hartmann produced 50,000...

Answered: 1 week ago

Question

★★★★★

A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms $33,800 Processing lost customer reservations 67,600 Rework incorrectly...

Answered: 1 week ago

Question

★★★★★

What is the recommended way of importing multiple secrets into the HashiCorp Vault? Inline, with the '-' at the end of the put Importing a JSON file with the @ operator Redirecting a JSON file as...

Answered: 1 week ago

Question

★★★★★

Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows:...

Answered: 1 week ago

Question

★★★★★

statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $...

Answered: 1 week ago

Question

★★★★★

3. Suppose each person in a large statistics class (enrollment 1000 students) rolls a die 60 times and counts the number of times they roll an ace (one dot). (a) For each person, the total number of...

Answered: 1 week ago

Question

★★★★★

Grand Corporation reported pretax book income of $805,000. Tax depreciation exceeded book depreciation by $535,000. In addition, the company received $330,000 of tax-exempt municipal bond interest....

Answered: 1 week ago

Question

★★★★★

As you have read, there are 5 main types of bail or alternatives to bail: cash, secured, unsecured, conditional, and release on recognizance. (See page 304 of your book.) This system has been...

Answered: 1 week ago

Question

★★★★★

Honley Company has 20 clerks that work in its Accounts Payable Department. A study revealed the following activities and the relative time demanded by each activity: Required: Classify the four...

Answered: 1 week ago

Question

★★★★★

Lansky, Inc., produces custom-made machine parts. A setup activity is required for the batches of parts that it produces. Activity output is measured using setup hours. The value-added standard (SQ)...

Answered: 1 week ago

Question

★★★★★

Foy Company has a welding activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: * Four welding units, with a lease cost of...

Answered: 1 week ago

Previous Question Next Question