Solution-What is the total cost of producing q goods

What is the total cost of producing q goods

Assignment Help Mathematics

Reference no: EM131604478

Question: Involve the average cost of manufacturing a quantity q of a good, which is defined to be

a(q) = C(q)/q

The average cost per item to produce q items is given by

a(q) = 0.01q² - 0.6q + 13, for q > 0

(a) What is the total cost, C(q), of producing q goods?

(b) What is the minimum marginal cost? What is the practical interpretation of this result?

(d) Compute the marginal cost at q = 30. How does this relate to your answer to part (c)? Explain this relationship both analytically and in words.

Reference no: EM131604478

Questions Cloud

Deposit each year before first payment to cover loan payment : How much does Trev need to deposit each year before the first payment to cover the loan payments?

Give a brief introductory statement describing the company : Audit Risk Analysis Project Instructions - Give a brief introductory statement describing the company, its history, and its industry

Describe the journal entries required to record the issuance : Describe the journal entries required to record the issuance of bonds at a premium and the payment of bond interest, including any applicable amortization.

Average annual rate of return on her retirement portfolio : Michelle assumes that her average annual rate of return on her retirement portfolio in the future will be 7.5%.

What is the total cost of producing q goods : Compute the marginal cost at q = 30. How does this relate to your answer to part (c)? Explain this relationship both analytically and in words.

Describe the effects that will occur to xerox balance sheet : Describe the effects that will occur to Xerox's balance sheet and its income statement when the Series A Convertible Preferred stock is converted

What was role of fannie and freddy in the financial meltdown : What was the role of Fannie and Freddy in the financial meltdown? What are the options for the future of the GSE's?

Describe how personality contributes to generativity : Describe how personality contributes to generativity and Describe how gender roles contribute to generativity

Should manufacturing company buy more of raw materials : The production function f(x) gives the number of units of an item that a manufacturing company can produce from x units of raw material.

User Account

All Pages

What is the total cost of producing q goods

Reference no: EM131604478

Reference no: EM131604478

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