Estimate the level of production which minimizes the cost

Assignment Help Econometrics
Reference no: EM131175866

Suppose the cost, in dollars, of producing x items is C(x) = 100x + 2000/x Determine

(a) the cost of producing 50 items,

(b) the cost of producing the 50th item, the marginal cost when x = 5,

(c) the average cost function,

(d) the average cost of producing 50 items,

(e) estimate the level of production which minimizes the cost and estimate the minimum cost.

Reference no: EM131175866

Questions Cloud

Explain h-d competitive advantage in global markets : Explain H-D's competitive advantage in Global Markets and Determine and explain entry strategies for global expansion
Determine the monthly rent to be charged to maximize : Suppose, in Example 7, it costs the BBC realty company, on the average, $800 each month to maintain each vacant apartment. What monthly rent should they charge if their profit is to be maximized?
Identify the most serious bottleneck that organization faces : In a discussion posting ("TOC"), you need to identify the most serious bottleneck that this organization faces and discuss the reasons for its selection.
Use the matrix index number as the parameter for the x axis : Allow MATLAB® to use the matrix index number as the parameter for the x-axis. 5.3 Plot the following functions on the same graph for x values from - p to p, selecting spacing to create a smooth plot: y1 sin1x2 y2 sin1 2x2 y3 sin1 3x2
Estimate the level of production which minimizes the cost : estimate the level of production which minimizes the cost and estimate the minimum cost.
Analyze publicly available information about fortune company : For this Individual Project you will analyze publicly available information about a Fortune 500 Company and develop an assessment of the corporate strategy and its ability to increase competitive advantage
Determine the domain of the revenue function : Suppose the demand equation is 200x + 10p = 10000, where x is the number of items sold when the per unit price is p dollars.
How exist of women drivers still exist in social impression : Prepare a Research paper about How exist of women drivers still exist in social impression?
What price should be changed to maximize sales : When the price for a color television is $240, the monthly sales for this item at a department store is 450. For each $5 increase in price, the monthly sales fall by 5 units. How many color televisions should be sold to maximize monthly sales and ..

Reviews

Write a Review

Econometrics Questions & Answers

  How is the marginal propensity to consume affected

How is the marginal propensity to consume affected? How is the multiplier affected?

  Describe what is the likely effect on prices and output

Suppose that the government decreases spending by $100 billion.What happens to aggregate demand What is the likely effect onprices and output Where are the new equilibrium price level andGDP relative to the old levels

  Explain the concept of of the theory of consumer behavior

In more than 500 words explain the concept of of the theory of consumer behavior

  What is the bottom line in negotiations with the telecom

suppose you work for an original equipment manufacturer (OEM) who makes component pieces for a telecommunication company. The telecom company asks you for a price quote for 2,000,000 units that will require a $1,000,000 investment

  Which pipe size is more economical at an interest rate of 1%

A small pipeline will cost less to purchase (including valves and other appurtenances) but will have a high head loss and, therefore, a higher pumping cost.

  Find in equilibrium for the car market own price elasticity

The supply curve for cars is given by the following: Qs = 2p-1000. Further the demand curve for cars is given by Qd = 8000 - p. In the equilibrium for the car market own price elasticity of demand (in absolute value terms) is equal to

  How much must you deposit monthly between ages 24 and 66

You wish to retire at age 66 and at the end of each month thereafter for 30 years, to receive $5000. Assume that you begin making monthly payments into an account at age 24. You continue these payments until age 66.

  Calculate the elasticity of supply for salt

Suppose that the price of salt rises from 15 cents to 17 cents a kilogram. The quantity demanded decreases from 525 kilograms to 475 kilograms per month, and the quantity supplied increases from 525 kilograms to 600 kilograms per month.

  Does the ability to move first give the employeran advantage

If so, how? As the employee, is there anything you could do to realize a higher payoff?

  Describe major differences in evaluating internal controls

Describe major differences in evaluating internal controls over financial reporting in a financial statements audit and auditing internal controls over financial reporting as a separate engagement.

  What prot does each firm earn with such collusion

Suppose that two firms compete in quantities (Cournot) in a market in which demand is described by P = 260 - 2Q. Each firm incurs no fixed costs but has a constant marginal cost of 20. a. What is the one-period Nash equilibrium market price What is t..

  How much are households paid for providing entrepreneurial

suppose that businesses buy total of $ 130 billion of the four resources ( labor,land,capital, and entrepreneurial ability) from households. If households receive $ 72 billion in wages, $ 16 billion in rent, and $ 26 billion in interest

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd