The total cost function at the Duemer Company is TC = 100 + 4Q + 8Q2, where
Question:
a. What is marginal cost when output is 10?
b. What is marginal cost when output is 12?
c. What is marginal cost when output is 20?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
MC Derivative of t...View the full answer
Answered By
Poonam Chaudhary
I have 15 month+ Teaching Experience
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
Question Posted:
Students also viewed these Economics questions
-
The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function for its product: Q = 120,000 10,000P Where Q is the quantity demanded per year and P is the price...
-
New England Textiles, Inc., is a medium-sized manufacturer of blue denim that sells in a perfectly competitive market. Given $25,000 in fixed costs, the total cost function for this product is...
-
The inverse market demand curve for bean sprouts is given by P(Y) = 1002Y , and the total cost function for any firm in the industry is given by TC(y) = 4y. (a) The marginal cost for any firm in the...
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
Describe how the Jensen measure of performance is calculated. Under what conditions should it give a similar set of portfolio rankings as the Sharpe and Treynor measures? Is it possible to adjust the...
-
In this exercise, you create an application that calculates a customer?s cable bill. Create a Windows Forms application. Use the following names for the project and solution, respectively: Cable...
-
Construct a 95% confidence interval for (p, - p2) in each of the following situations: a. n, = 400, F1 = .65: n2 = 400, E2 = .58 b. n, = 180, F, = .31; n, = 250, j3, = .25 C. nl = 100, PI = .46; n, =...
-
Between 1964 and 1966, Ford made more than 1 million Mustangs. Today car collectors are spending tens of thousands of dollars to restore to "like new" vintage Mustangs that originally sold for around...
-
Which of the following situations would INCREASE a clients assessed inherent risk? a. Credit limit checks for new customers were not undertaken when the accounts manager was on leave. b. The auditor...
-
What is a specific police department impacted by a recent legislative actions, court decisions, regulatory and statutory changes, and laws and ordinances? Analyze how the legislative actions, court...
-
Determine the first derivative of each of the following functions: a. Y = 3 + 10X + 5X2 b. Y = 2X(4 + X3) c. Y = 3X/(4 + X3) d. Y = 4X/(X 3)
-
The Bartholomew Company's profit is related in the following way to its output: = 40 + 20Q 3Q2, where is total profit and Q is output. a. If the firm's output equals 8, what is its marginal...
-
Find the centre and radius of the circle with equation x + y + 3x-2y+1=0 (7.13)
-
The accounting records of the Eco Paper Company include the following information relating to the current year ended 31 March 2023: Materials 31 March 2023 $20,000 1 April 2022 $25,000 Work in...
-
The first read is an article on the development of money of a World War II prisoner-of-war, which was published in 1945. The second article was published in the opinion section of the New York Times...
-
Describe each Speaker's basic assumptions regarding employee motivation. That is, what are the underlying principles which guide how the Speaker treats his/her people (i.e., their direct report...
-
Find the area of the shaded region. The graph to the rate of IQ scores of adults, and those scores are normally distributed with the mean of 100 and a standard deviation of 15. x=81
-
In which scenario is Nikki showing resilience to stress? Nikki lost her job as an engineer 3 months ago. At first, she was depressed, but she realized she wanted to change career paths and decided to...
-
A defendant cannot use force to defend themself unless a. they are actually harmed. b. they believe they have no reasonable alternative to the use of force to protect themself against impending harm....
-
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...
-
Site name: Sodexo URL: www.sodexomotivation.com Background information: Sodexo understands that motivation is key, especially for a company that is known for its management prowess. It recently...
-
Which of the following statements regarding a tariff is false? a) A tariff always increases producer surplus b) A tariff always reduces government revenue for the imposing nation c) A tariff always...
-
Consider the following information, and answer the question below. China and England are international trade partners. The following data are expected payoffs for the two countries. Both China and...
-
In your opinion, how efficient are capital markets in the United States? Is market efficiency time varying or constant? Explain/give a short description of evidence consistent with your point of view
-
Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 If joint costs are allocated based on relative weight of...
-
The projected benefit obligation was $380 million at the beginning of the year. Service cost for the year was $21 million. At the end of the year, pension benefits paid by the trustee were $17...
-
CVP Modeling project The purpose of this project is to give you experience creating a multiproduct profitability analysis that can be used to determine the effects of changing business conditions on...
Study smarter with the SolutionInn App