Suppose that the marginal cost for a product is MC = 60x + 1 and its fixed
Question:
(a) 3 units.
(b) 8 units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
a P3 409 408 300 260 b P8 4064 4027 300 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
Suppose that the marginal cost for a certain product is given by MC = 1.02(x + 200)0.02 and marginal revenue is given by MR = (2 / 4x + 1) + 1.75, where x is in thousands of units and revenue and...
-
If the marginal cost for a product is MC = 4x + 2 and the production of 10 units results in a total cost of $300, find the total cost function. Cost, revenue, and profit are in dollars and x is the...
-
If the marginal cost for a product is MC = 3x + 50 and the total cost of producing 20 units is $2000, find the total cost function. Cost, revenue, and profit are in dollars and x is the number of...
-
"Your lumber company has bought a machine that automatically cuts lumber. the seller of the machine claims that the machine cuts lumber to a mean length of 7 feet (84 inches) with a standard...
-
Three parallel wires each carry current I in the directions shown in Fig. If the separation between adjacent wires is d, calculate the magnitude and direction of the net magnetic force per unit...
-
Read the following (short) articles regarding adding value:...
-
(Valuation of work uncertified) Meenakshi Company Limited undertook a contract for construction of a bridge on 1-1-1997. The contract is expected to be completed by 30-6-1998. The contract price is...
-
How would the abnormal earnings calculations in Table 8-3change if the cost of equity assumption is changed to 12%?
-
a. Jan 1" BOOTSY Company purchases $3,050 worth of merchandise from SALTY Company, terms: 2/10, net 30. b. Jan 3 BOOTSY Company returns $450 of the goods, as they were defective. c. Jan 10th BOOTSY...
-
Alice's optimal portfolio puts weight 0.1 on Apple, 0.06 on Tesla, and 0.1 on the risk free asset. Bob's optimal portfolio has a weight -0.5 on the risk free asset. What is Bob's portfolio weight on...
-
If the daily marginal cost for a product is MC = 2x + 100, with fixed costs amounting to $200, find the total cost function for each day. Cost, revenue, and profit are in dollars and x is the number...
-
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,...
-
Identify the basic types of homeowners policies that are used today.
-
How do you assess the managerial challenge posing the decision of having an organization-wide uniform package of compensation and benefits in the present context of organizations having diversity of...
-
what you have to do is make order decisions based on the sales, stock, and delivery cycle of each item. You are making decisions of marking orders from suppliers, and they will deliver the item next...
-
How do advanced relaxation techniques, such as progressive muscle relaxation or guided imagery, contribute to a comprehensive stress management plan ?
-
What role do intermediaries play in intermediation in the market? Do middlemen exist in the online market? How? Talk about the following ideas with examples from real life: (1) the issues with direct...
-
Identify and conduct a 5S project that you could do at home, school, or your place of employment. For each of the 5 steps, define what you would do to address the situation. Describe the outcome. .
-
Look at the models of the protein in Figure 411. Is the red helix right- or left-handed? Are the three strands that form the large sheet parallel or antiparallel? Starting at the N-terminus (the...
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
(a) Graph several members of the family of functions f(x) = (2cx x2)/c3 for c > 0 and look at the regions enclosed by these curves and the -axis. Make a conjecture about how the areas of these...
-
The figure shows two regions in the first quadrant: A(t) is the area under the curve y = sin(x2) from to t, B(t) and is the area of the triangle with vertices O, P, and (t, 0). Find lim t0+ A(t)/...
-
A circular disk of radius is used in an evaporator and is rotated in a vertical plane. If it is to be partially submerged in the liquid so as to maximize the exposed wetted area of the disk, show...
-
Discuss American History
-
Your firm has developed a new lithium ion battery polymer that could enhance the performance of lithion ion batteries. These batteries have applications in many markets including cellphones, laptops,...
-
Need help analyzing statistical data 1. ANOVA) True or false: If we assume a 95% confidence level, there is a significant difference in performance generally across all groups. 2. (t-test) True or...
Study smarter with the SolutionInn App