FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question #23 A firm's total cost function is: TC = 5000 + 400Q - 30Q2 + Q3. What is the firm's marginal cost at its

image text in transcribed

question #23

image text in transcribed
A firm's total cost function is: TC = 5000 + 400Q - 30Q2 + Q3. What is the firm's marginal cost at its minimum? O $120 O $80 O $100 O $50 O $60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Physics

Physics

Authors: James S. Walker

5th edition

978-0133498493, 9780321909107, 133498492, 0321909100, 978-0321976444

Students also viewed these Economics questions

Question

★★★★★
The following table shows counts of the number of days that employees were absent from a small manufacturing center. The null hypothesis is that the counts are uniformly distributed over the days of...

Answered: 1 week ago

Question

★★★★★
Why did the research programme of the contingency theory of management accounting produce fragmentary results? How could this be resolved?

Answered: 1 week ago

Question

★★★★★
A referendum is going to take place in an European country in order to decide whether the country will adopt the euro as its currency unit or not. Suppose that the number of eligible voters in the...

Answered: 1 week ago

Question

★★★★★
Kincaid Company sells flags with team logos. Kincaid has fixed costs of $639,600 per year plus variable costs of $4.20 per flag. Each flag sells for $12.00. Requirements 1. Use the equation approach...

Answered: 1 week ago

Question

★★★★★
Ontario Credit Union borrowed $275,000 at 9.5% compounded semi-annually from League Central to build an office complex. The loan agreement requires payment of interest at the end of every 6 months In...

Answered: 1 week ago

Question

★★★★★
What journal entries are required at 1 October 20X8 and 30 June 20X9? XYZ purchased a photocopier $38,900 on 1 October 20X8 on credit and the photocopier was delivered on 1 October 20X8. XYZ have...

Answered: 1 week ago

Question

★★★★★
You migrate the Sales department in France to Teams Phone. Users in the Sales department report that when they dial a local French phone number from their Teams client, the United States country code...

Answered: 1 week ago

Question

★★★★★
Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4%, compounded monthly, for the first two years and 5%, compounded monthly, for the final...

Answered: 1 week ago

Question

★★★★★
A gas sample occupies a volume 5 ft3 a pressure of 30 psi and a temperature of 70F. What will be its volume if the pressure decreases to 15 psi and the temperature remains at 70F? Give answer to 2...

Answered: 1 week ago

Question

★★★★★
You are a consultant who's been asked to install a new server for a small business. Before you begin the installation process, make a checklist of information you should obtain before beginning the...

Answered: 1 week ago

Question

★★★★★
What can I improve with this policy? The objectives of this policy are to: achieve a safe workplace with zero harm to the environment; ensure a permanent Environment, Health and Safety (EHS) presence...

Answered: 1 week ago

Question

★★★★★
Consider an oil industry facing a linear demand curve for aggregate output qt. Let the demand for oil be represented by the following inverse demand curve: pt=abqt. An important characteristic of the...

Answered: 1 week ago

Previous Question Next Question