Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 10, 2024

The weekly cost for a small confectioner to produce q chocolate bars is C ( q ) = 1800 + 0.14 q + 0.002 q

The weekly cost for a small confectioner to produceqchocolate bars is

C(q) =1800+0.14q+0.002q².

(a) Find the average cost function.

(b) Find the marginal cost function.

(c) Compute the average cost and the marginal cost when300chocolate bars have been produced. (Round your answers to two decimal places.)

average cost$

marginal cost$

What is the actual cost of the301stchocolate bar?

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

Probability and Stochastic Processes A Friendly Introduction for Electrical and Computer Engineers

Authors: Roy D. Yates, David J. Goodman

3rd edition

1118324560, 978-1118324561

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Life Is Good is a clothing brand created in Boston in the late 1970s, and represented by a quirky smiley-face logo that is printed on all the items the company sells. The company's slogan is "Spread...

Answered: 1 week ago

Question

★★★★★

If not visible try to zoom in and then should become clear Let's assume that you're thinking about buying stock in West Coast Electronics. So far in your analysis, you've uncovered the following...

Answered: 1 week ago

Question

★★★★★

Do long-term contracts present less, equal or more risk to a buying organisation than short term contracts?

Answered: 1 week ago

Question

★★★★★

The Ogi Corporation, a construction company, purchased a pickup truck for $14,000 and used MACRS depreciation in the income tax return. During the time the company had the truck, they estimated that...

Answered: 1 week ago

Question

★★★★★

Based on information from a large insurance company, 68% of all damage liability claims are made by single people under the age of 25. A random sample of 53 claims showed that 41 were made by single...

Answered: 1 week ago

Question

★★★★★

Need help with python code please. Question 2 Implement a Naive Bayes classification naiveBayes_classify (word_probs, message) for classifying an email message into spam or non-spam by using the word...

Answered: 1 week ago

Question

★★★★★

BACKGROUND: Blue Ridge Manufacturing produces and sells towels for the U.S. "sports towel" market. A "sports towel" is a towel that has the promotion of an event or a logo printed on it. They're...

Answered: 1 week ago

Question

★★★★★

Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2015, Hamilton began work under contract #E2-D2, which provided for a contract price of 2,200,000. Other...

Answered: 1 week ago

Question

★★★★★

Assume that the flow of air through a given duct is isentropic. At one point in the duct, the pressure and temperature are $p_{1}=1800 \mathrm{lb} / \mathrm{ft}^{2}$ and \(T_{1}=500^{\circ}...

Answered: 1 week ago

Question

★★★★★

Johnson & Barkley, CPAs, audited the consolidated financial statements of Jordan Company for the year ended December 31, 20X7, and expressed an adverse opinion because Jordan carried its plant and...

Answered: 1 week ago

Question

★★★★★

A sledgehammer strikes an anvil with a velocity of $15 \mathrm{~m} / \mathrm{s}$ (Fig. 2.59). The hammer and the anvil have a mass of $6 \mathrm{~kg}$ and $50 \mathrm{~kg}$, respectively. The...

Answered: 1 week ago

Previous Question Next Question