Solution-Find the level of production

Find the level of production

Assignment Help Mathematics

Reference no: EM131563855

Question: MINIMIZING PRODUCTION COSTS The daily total cost (in dollars) incurred by Trappee and Sons for producing x cases of TexaPep hot sauce is given by the function

C(x) = 0.000002x³ + 5x + 400

Using this function, answer the questions posed in Exercise.

Exercise: MINIMIZING PRODUCTION COSTS The total monthly cost (in dollars) incurred by Cannon Precision Instruments for manufacturing x units of the model M1 camera is given by the function

C(x) = 0.0025x² + 80x + 10,000

a. Find the average cost function C¯.

b. Find the level of production that results in the smallest average production cost.

c. Find the level of production for which the average cost is equal to the marginal cost.

d. Compare the result of part (c) with that of part (b).

Reference no: EM131563855

Questions Cloud

Write an essay explaining how sophocles'' oedipus exemplifies : Write an essay explaining how Sophocles' Oedipus exemplifies or refutes Aristotle's definition of a tragic hero

Calculate the market value of this company debt : Calculate this company’s cost of debt. Calculate the market value of this company's debt. Calculate the value of this company's WACC.

Company producing and selling energy drink : Suppose you own a company producing and selling energy drink. how will you put up social responsibility and community involvement and tackle the same.

What is the bond yield to call : One year later, interest rates have fallen from 9% to 4% causing the value of the bond to rise to $1,528.16. What is the bond's yield to call?

Find the level of production : MINIMIZING PRODUCTION COSTS The daily total cost (in dollars) incurred by Trappee and Sons for producing x cases of TexaPep hot sauce.

Explain financial plans and statement : Please explain how will you manage and organize your own company of an energy drink. also explain financial plans and statement for the same.

Present value of your windfall if appropriate discount rate : What is the present value of your windfall if the appropriate discount rate is 9 percent?

Different physical locations : How will you advise the team-leaders to lead people who work from different physical locations where they cannot be monitored physically?

Prepare a stockholders section of a classified balance sheet : Prepare a Stockholders' section of a classified balance sheet as of December 31, 2016 (after taking into consideration your journal entries)

User Account

All Pages

Find the level of production

Reference no: EM131563855

Reference no: EM131563855

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT