# firm-level marginal cost and average cost functions

34,522 results, page 4

### economics

3. Suppose that the total monthly demand for golf services is given by Q = 20 – P The marginal cost to the firm of each golfer is \$1. If this demand function is based on the individual demands of 10 golfers, what is the optimal two part pricing strategy for this golf club? ...

### math 117 algebra

The cost i dollarsof manufacturing w wing nuts is given by the expression 0.07w + 13.3. Find the cost when 375 wing nuts are made. What is the average cost to manufacture one wing nut? Put in 375 for w, and compute the cost. Average cost= costabove/w I'm sorry this still is ...

### Mangerial Economics

Consider a Cournot duopoly with the following inverse demand function: P = 50 - 0.2Q1 - 0.2Q2. The firms' marginal cost are identical and given by MCi(Qi) = 2. Based on this information firm 1 and 2's reaction functions are A) r1(Q2) = 4.8 - 0.5Q1 and r2(Q1) = 4.8 - 0.5Q2. B) ...

### economics

For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess profits for the firm. However, as far as what is in the best interests of society it might be Price or (Average Revenue) = MC. Give the answers of both ...

### finance

Coogly Company is attempting to identify its weighted average cost of capital for the coming year and has hired you to answer some questions they have about the process. They have asked you to present this information in a PowerPoint presentation to the company’s management ...

### Economics

A firm is a natural monopoly if: a) its average cost curve falls throughout its relevant output range. b) the firm owns an essential natural resource used in making the product. c) the government has granted the firm the right to a monopoly. d)the firm owns patents that ...

I need my answers checked for this question, thanks. A firm's production function: Q = 100 K^0.5 L^0.5 During the last production period, the firm operated efficiently and used input rates of 100 and 25 for labor and capital respectively. (a) What is the marginal product of ...

### Financial Management

Coogly Company is attempting to identify its weighted average cost of capital for the coming year and has hired you to answer some questions they have about the process. They have asked you to present this information in a PowerPoint presentation to the company’s management ...

The overall (weighted average) cost of capital is composed of a weighted average of : a)The cost of common equity and the cost of debt b)The cost of common equity and the cost of preferred stock c)The cost of preferred stock and the cost of debt d)The cost of common equity, ...

### Microeconomics

Producing paper creates pollution. The efficient quantity of paper is when the A. marginal social benefit of paper is equal to zero. B. marginal social cost of the pollution from making paper is equal to zero. C. marginal social of paper is equal to the marginal social cost of...

### math

At a production level of 1400 items, the total cost is \$7250 and the marginal cost is \$25. Use this information to estimate the costs of producing the following number of items. Your answers should be whole numbers. a) 1401 items . b) 1399 items . c) 1450 items .

### accounting

The overall (weighted average) cost of capital is composed of a weighted average of : a)The cost of common equity and the cost of debt b)The cost of common equity and the cost of preferred stock c)The cost of preferred stock and the cost of debt d)The cost of common equity, ...

### pre-calculus

Callaway golf Company has determined that the marginal cost C of manufacturing x Big Bertha Golf clubs may be expressed by the quadratic function: C(x) = 4.9^2 - 617.4x + 19,600 How many clubs should be produced to minimize marginal cost?

### Basic math for science

A sportswear manufacture determines that the marginal cost of producing x worm-up suits is given in dollars by 20-0.015x.if the cost of producing one suits is \$25,find the cost function and the cost of producing 50 suits and 100 suits

### Economic

Suppose a firm has a constant marginal cost of\$10 the current price of the product is \$25, and at that price, it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product? Demonstrate how you know.

### Economics

The following is a cost function for clinic visits in a small inner city clinic: a.Determine the marginal cost for each level of output. b.If the price per visit is given to be \$25, at what level of visits will the maximum profit position be? What are the profits at this level...

### Economics

PLEASE PLEASE HELP!!!! 1.WITH THE HELP OF DIAGRAMS,MAKE A DISTIOTION BETWEEN PERFECT COMPETITION AND MONOPOLOY IN THE SHORT AND LONG RUN 2.SUPPOSE A PROFIT MAXING FIRM IS PRODUCING AT AN OUTPUT LEVEL AT WHICH THE PRICE OF ITS PRODUCT IS LESS THAN THE AVERAGE TOTAL COST OF ...

### Microeconomics

Monopolistic Competition A profit-maximizing firm in a monopolistically competitive maket is characterized by which of the following: A. Average revenue exceeds marginal revenue. B. Marginal revenue exceeds average revenue, C. Average revenue is equal to marginal revenue. D. ...

### Economics

A firm with monoply power has the demand curve: P = 100 - 3Q + 4A^1/2 And has the total cost function: C = 4Q^2 + 10Q + A where A is the level of advertising expenditures. P is price, Q is output. How do I find the values of A, Q, and P that maximize the firm's profit?

### Finance

A firm has an opportunity to invest in a new device that will replace two of the firm’s older machines. The new device costs \$570,000 and requires an additional outlay of \$30,000 to cover installation and shipping. The new device will cause the firm to increase its net ...

### Calculus

Marginal Cost Businesses can buy multiple licenses for data compression software at a total cost of approximately C(x) = 96x2/3 dollars for x licenses. Find the derivative of this cost function at the following values x=8 and x=64 I do not know where to start?

### Brief calculus

The marginal cost of producing the xth box of CDs is given by 9 − x/(x^2 + 1)^2. The total cost to produce 2 boxes is \$1,200. Find the total cost function C(x). I'm getting 9x-(1/(x^2 - 1))+1181.9 but i guess its wrong

### Micro economics

Consider a firm with the following production function: q = (ak+bl)^(1/2) The firm's total costs can be written as C = F + rk + wl 1. Calculate the firm's contingent factor demand. Illustrate it in a graph including the firm's isoquant map 2. Assume that r/w > a/b. Find the...

### Economics(help!)

Suppose you are the manager of a watch-making firm operating in a comptetive market.You cost of production is given by C=100+Q^2,Where Q is the level of output and C is total cost. a)If the price of watches is birr 60,how many watches should you produce to maximize profit? b)...

### economics

Ever Kleen Pool Services provides weekly swimming pool maintenance in Atlanta.  Dozens of firms provide this service.  The service is standardized;each company cleans the pool and maintains the proper levels of chemicals in the water. The service is typically sold as a ...

### economics

The government is trying to adopt a strategy that would optimize the pollution abatement policy of lead in an industrial region. The government estimated the Marginal social benefit curve as MSB=10000-qlead and the marginal cost of abatement as MCA=650+0.25qlead . where qlead ...

### Management & Economics

a producer of light bulbs claims to have the folllowing production function: Q=10L*G. a) what is the marginal product of labor? or glass? b)Draw the relavant isoquant map and isocost line if the cost of labor is \$4 per work-hour and the cost of glass is \$4 per pound and 90 ...

### q

2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### Accounting

Your firm uses return on assets (ROA) to evaluate investment centers and is considering changing the valuation basis of assets from historical cost to current value. When the historical cost of the asset is updated, a price index is used to approximate replacement value. For ...

### Algebra

The average cost per drink can be found by dividing the total cost (.25x+250=total cost) by the number of drinks sold (x). Write an equation that shows the average cost per drink.

### Microeconomics

Diminishing marginal product suggests that: A: Additioanl units of output become less costly as more output is produced. B: Marginal cost is upward-sloping. C: The firm is at full capacity D: All of the above are correcr I am not sure how to answer this one? Would B be the ...

### accounting

a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

### accounting

a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

### accounting

A merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

### accounting

a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

### Economics

There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units \$20 B 80 units \$25 C 50 units \$10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...

### Economics

There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units \$20 B 80 units \$25 C 50 units \$10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...

### economics

1. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### economics

2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### engineering

Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### economics

2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### ECONOMICS

Q2) Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which: a) maximizes total revenue b) maximizes profits

### manaegerial economics

iven a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes pr

### MircroEconomics - Production & Cost

Please check my answers if they are correct! If not, please make corrections. Thank you! Bob, owner of Bob’s Auto, sells cars. The number of car sales is represented by y. Bob buys autos at a price of A each and has no other costs. He only buys as many cars as he sells. a) ...

### Economics

Suppose a market with two sellers Seller 1 has a marginal cost of c1=20q1 and seller 2 has a marginal cost of c2=40q2 Find the market supply curve in a competitive market where the price = c1= c2

### Economics

a firm in a purely competitive industry is currently producing a 1000 unir per day at a total cost of \$450. if the firm produced 800 units per day, it total cost will be \$300, and it it produced 500 units per day, it total cost will be \$275. Requirements: (1) what are the firm...

### fin/370

The target capital structure for Jowers Manufacturing is 51% common stock, 20% preferred stock, and 29% debt. If the cost of common equity for the firm is 20.8%, the cost of preferred stock is 11.8%, and the before tax cost of debt is 10.8%, what is the cost of capital? The ...

### Microeconomics

ok so i must have not payed attention in class when we talked about asymmetric costs in cournot duopoly's, so i am stuck on a homework problem. The problem reads as follows (*Note that my notation of c simply means Marginal Cost): Consider a Cournot duopoly where inverse ...

### introduction to accounting

a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

### Economics

Suppose the total output curve increases at an increasing rate for workers 1 to 50, increases at a decreasing rate from workers 51 to 101, and decreases beyond 101 workers. You would know that Choose one answer. a. marginal product is increasing from workers 1 to 50 and then ...

### managerial economics

Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

### Applied Calc

What is the marginal average cost function?

### calculus1

If C(x) = 13000 + 500x − 3.2x2 + 0.004x3 is the cost function and p(x) = 2900 − 8x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal

### Calculus

Total cost to manufacture q microwaves a day is C(q)=3q^2+q+48.What level of product gives the least average cost and Can a microwaves be produces for less than \$30?

### calculus

suppose that c(x)=3x^3 - 12x^2 +9000x is the cost of manufacturing x items. find a production level that will minimize the average cost of making x items

### micro economics

pb = 70 -0.0005qb(brand name) pp = 20-0.0002qp (private label). Marginal cost is a constant \$10 per tire.quantities are measured in thousands per month and price refers to the wholesale price. marginal cost is a constant \$10 per tire. american currently sells brand name tires ...

### Economics

A PURE MONOPOLIST SELLS OUTPUT FOR \$4 PER UNIT. THE MARGINAL COST IS \$3, AVERAGE VARIABLE COSTS ARE \$3.75, AND AVERAGE TOTAL COSTS ARE \$4.25. THE MARGINAL RVENUE IS \$3. WHAT IS THE SHORT RUN CONDITION FOR THE MONOPOLIST AND WHAT OUTPUT CHANGES WOULD YOU RECCOMMEND IN THE ...

### Finite Math

The total monthly cost (in dollars) of producing x thousand beanie babies is: C(x)= 250x + 5,000. a. What are the fixed costs? b. What is the marginal cost per beanie baby? c. What is the total cost of producing 100,000 beanie babies? d. What is the average cost per beanie ...

### economics

all of the following can be used to compute profit per unit except: a) price minus avg total cost. b) total profit divided by quantity. c) avg revenue minus avg total cost d) marginal profit minus marginal cost

### Math

A company manufactirung snowboards has fixed costs of \$200 per day and total cost of \$3800 per day at a daily output of 20 boards. (A( Assuming that the total cost per day, C(x), is linearly related to the taotal out per dau,x, write an equation for the xost function (B) The ...

### Social studies

Could you please check these other sets of terms. Here are the terms: scarcity cost benefit analysis marginal revenue needs incentives economy opportunity cost variable costs capitalism marginal cost food, clothing,shelter, and other things required for survival. Answer: needs...

### Economics

Suppose the demand curve for a monopolist is Qd = 500 – P, and the marginal revenue function is MR = 500 -2Q. The monopolist has a constant marginal and average total cost of \$50 per unit.

### accounting

# 1 Takers,Inc.provide the following results: 2004 2003 Units 2,400 3,000 Total Cost 19,200 24,000 What form of cost behavior is the cost above? Fixed cost, Sunk Cost, Mixed Cost or Variable Cost

### Calculus

The marginal cost of a certain commodity is C'(x)= 3x^2 -36x + 120 If it costs 5 dollars to produce 1 unit, then find the total cost of producing x units is... Please how do I find the total cost?

### Managerial Economics

Auto Maintenance Services (AMS) is a small auto service outlet in a suburban area of Syracuse. In reaction to a small increase in wages that has caused the marginal cost of this auto service establishment to increase from \$25 to \$30, the owner is considering raising the prices...

### economics

5. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds \$20 per unit and will shut down if the price is less than \$...

### Calculus

There was a typo in last question A company estimates that the cost (\$) of producing x units of a certain product is given by: C= 800 + .04x + .002x^2 Find the production level that minimizes the average cost per unit.

### economics

there are just certain things that i do not understand about the questions...(i did read A LOT last night and i did not find anything that really answered my questions)...To be more specific... suppose a competitive market consists of identical firms with a constant long run ...

### Microeconomics

Maxine's Cookie Shop sells chocolate chip cookies in a perfectly competitive market for \$2 per dozen. Maxine currently produces 200 dozen cookies per day and average total cost at this level of production is \$1.75. What level of profit is this firm earning? Explain.

### Economics

Suppose a firm faces a downward sloping demand curve givven by the equation 1=100-1/3P. The firm's cost function is given by the equation C=30+1/4Q^2. Find the profit maximizing level of output.

### Finance

Problem 12.24 Your answer is incorrect. Try again. Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for \$20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 94 percent as high if the price ...

### Microeconomics

If a firm has a U-Shaped long-run average cost curve, a.) its fixed cost rises as output rises. b.) it must have increasing returns to scale at low levels or production and decreasing returns to scale at high levels of production. C.) it must have increasing returns to each ...

### Calculus

Cost: C^2=x^2+98*sq rt of x + 57 Revenue:890(x-4)^2+29R^2=26,100 Find the marginal cost dC/dx at x=4

### Economics

You are planning to estimate a short-run production function for your firm, and you have collected the following data on labor usage and output. Labor usage output 3 1 7 2 9 3 11 5 17 8 17 10 20 15 24 18 26 22 28 21 30 23 (a) Does a cubic equation appear to be a suitable ...

### ECON

I am working on this but, if I have part a and b wrong, all of the following question related will be wrong. Can you help me out? The market for product A has the following functions: Market demand Q=1,000-4P Market supply Q=1/2P Inverse market demand P=250-.25Q Marginal ...

### algebra

Cupcakes cost \$1.50 each to produce with fixed cost of \$50. a) Express the cost C, of producing the cupcakes as a linear function of x cupcakes produced. b)Find the average cost, C=C/x and simplify appropriately. c) What is the horizontal asymptote of C? Interpret. d) Graph C ...

### calculus

The marginal cost is given by C'(x)=x^(1/3)+9. If the fixed costs are ​\$175​, find the cost of producing 8 units. thank you!!

### managerial eccon

Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of \$60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: \$3,600. what is the averge variable cost?

### Finance

The target capital structure for QM Industries is 39% common stock 6% is preferred stock, and 55% debt. If the costs of common equity for the firm is 18.2%, and the cost of preferred stock is 9.4%, the before tax cost of debt is 7.5%, and the firms tax rate is 35% what is QM...

### Microeconomics

How do changes in average and marginal productivity affaect the cost of production?

### college finite math

Find the marginal average cost function: C(x)=10-e^-x

A manufacturer has found that marginal cost is dc/dx=3x^2-60x+400 dollars per unit when x units have been produced. The total cost of producing the first 2 units is \$900. What is the total cost of producing the first 5 units? I would integrate, you are given at x=2 the cost, ...

### Economics

4 (ii) You manage Dirt Diggers, an excavating firm that excavates roadside ditches for laying drainpipes. Its output follows the production function: Q = 10L -.1L2 where L denotes labor hours and Q the length of the ditch in meters. You can hire labor at the going wage rate of...

### finance

the target capital structure for QM industries is 45% common stock, 5% preferred stock and 50% debt. If the cost of common equity for the firm is 18.9%, the cost of preferred stock is 10.7% and the before tax cost of debt is 7.7% and the firm's tax rate is 35% QM's WACC is_____

### Economics

The firm currently uses 70,000 workers to produce 300,000 units of output per day. The daily wage (per worker) is \$100, and the price of the firm’s output is \$30. The cost of other variable inputs is \$500,000 per day. Although you don’t know the firm’s fixed cost, you ...

### Math

The firm currently uses 70,000 workers to produce 300,000 units of output per day. The daily wage (per worker) is \$100, and the price of the firm’s output is \$30. The cost of other variable inputs is \$500,000 per day. Although you don’t know the firm’s fixed cost, you ...

### Economics

Assume the total cost of production in a particular firm is #50000.00 while the fixed cost is #30000.00. The wages paid to each unit of labour is #2000.00. Calculate the unit of labour employed in this firm please what is the formula

### Finance

Spam Corp. is financed entirely by common stock and has a beta of 1.0. The firm is expected to generate a level, perpetual stream of earnings and dividends. The stock has a price-earnings ratio of 8 and a cost of equity of 12.5%. The company's stock is selling for \$50. Now the...

### economics-micro

Suppose that a firm is the only domestic producer of a commodity and that there are no imports of the good. The firm’s total cost and demand curves are given by the following two equations: TC = 6Q + ·05Q2 : Q = 360 - 20P q) The government wishes to impose a maximum price ...

### Finance

Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for \$20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 90 percent as high if the price is raised 17 percent. Chip’s variable cost per ...

Suppose C(x)=x^2−6x+20 represents the costs, in hundreds, to produce x thousand pens. How many pens should be produced to minimize the cost? What is the minimum cost? Number of pens to minimize cost: Minimum Cost:

### Algebra

Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are \$2,500 for setup costs and \$3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can find ...

### Algebra

2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are \$2,500 for setup costs and \$3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can ...

### micro

which of the following statements is true of the oligopoly that can cover its varible costs and si in equilibrium? a:p=mc=atc b:p>mc c:p>mr and p=mc d:p<mc and mr=MC and WHy What is "si"? Graph an oligopolist, facing a downward sloping demand curve. Draw in your ...

### Math 117

2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are \$2,500 for setup costs and \$3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can ...

### math

The marginal cost of production (in Rs) is 3+x/3000+e^-0.003x,where x denotes the number of units. The cost of producing 100th unit is:

### math

The marginal cost of production (in Rs) is 3 + x/3000 + e^(-0.03x), where x denotes the number of units. The cost of producing 100th unit is:

### economics

quantity total cost what's the marginal cost? 0 8 2 9 4 10 6 11 8 13 10 19 12 27 14 37

### calc

If a cost of a function is C(x) = (49 ln x) / (28-3x), find the marginal cost when x = 7

### Economics

The cost function for a firm is given by TC = 500 + Q2. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of \$100. a) What price should the manger of this firm put on its product? b) What level of output should be produced ...