What is the cost of producing the 89th item

Assignment Help Econometrics
Reference no: EM131175617

Let C1x2 = 2x2 + 300x + 50 be the cost of producing x items. What is the cost of producing the 89th item? Give both the exact and approximate answers.

Reference no: EM131175617

Questions Cloud

Explain the two international events involving us military : Describe the two international events involving the US military from the past five years you investigated that can be traced back to a foreign policy created after the Civil War.
Implementation of a new information technology system : Consider what special issues might arise with the implementation of a new information technology system. Discuss how this change might impact other aspects of an organization's system, and what intervention strategies you would prescribe to mitiga..
Describe each income support policy target population : Explain the positions a conservative politician or commentator, and a liberal politician would take on the policy. Address anything they might have in common ideologically and also describe their differences.
What is the cost of producing the 100th bicycle : What is the error in using the derivative to approximate the marginal cost of the 100th bicycle?
What is the cost of producing the 89th item : Let C1x2 = 2x2 + 300x + 50 be the cost of producing x items. What is the cost of producing the 89th item? Give both the exact and approximate answers.
Find the exact revenue derived from the 41st item : What is the error if the derivative is used to approximate the marginal revenue?
Find the revenue and marginal revenue functions : Suppose that the number of riders per day on the New York City subway system is 4 (million) when the fare is $2.00. Suppose that the ridership will drop to 3.8 (million) when the fare is raised to $2.25.
What is the price per item when the marginal profit is zero : What is the level of production when the marginal profit is zero? What does it represent?
Compute warrens actual return on plan assets : For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. Compute Warren's actual return on plan assets.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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