Determine the ac and mc functions

Assignment Help Business Economics
Reference no: EM133130971

Consider the cost function: C(X) = 0.004X3 + 20X + 1000. (Show solutions.)

A. Determine the AC and MC functions.

B. Determine the level of Q where AC = MC.

C. Determine the Q that minimizes: (1) C(X); (2) AC(X); and (3) MC(X)

Reference no: EM133130971

Questions Cloud

Determine how much output to produce : How does a business determine how much output to produce?
Development of ethical decision making : Your required reading by Mladenovic, Martinov-Bennie, and Bell (2019) provides business students' insights into their development of ethical decision making
Determine how much output to produce : How does a business determine how much output to produce?
What adjustments need to be made to the capm : Question - What adjustments need to be made to the CAPM if we are determining the cost of equity for a privately held company
Determine the ac and mc functions : Consider the cost function: C(X) = 0.004X3 + 20X + 1000. (Show solutions.)
Gross income less operating expenses : An air purifier for use in manufacturing semiconductors is placed in service with a first cost of $50,000. It will be used for 8 years, have an annual gross inc
Requires very high levels of certain cognitive abilities : Think of a job that requires very high levels of certain cognitive abilities. Discuss the type of roles do you normally take on in a team setting?
How much revenue should nash recognize related to its sale : Nash Company sells on credits goods that cost $300,500 to Ricard Company for $400,000 on January 2, 2020. How much revenue should Nash recognize
Workplace and throughout our political spectrum : Diversity and inclusion are two common debates both in the workplace and throughout our political spectrum.

Reviews

Write a Review

Business Economics Questions & Answers

  Brad works in the labor market

If Brad works in the labor market, he can earn a wage of $500 per hour, while Angelina can earn $600 per hour. Considering comparative advantage, which of the two should specialize in the labor market? Explain.

  What is effect of corporate income tax on investment level

What is the effect of the corporate income tax on the investment level of a perfectly competitive corporation that finances its investment by debt (with deductible interest) and has no adjustment cost of investment?

  Looking to hire and retain employees

Corporations are becoming more and more proactive to ensure they are operating in a socially responsible manner and are looking to hire and retain employees

  What is one-period cournot-nash equilibrium output and price

Suppose two firms supply the market for computer chips and their products are perfect substitutes. What is the one-period Cournot-Nash equilibrium output and price? What is the output of each firm if they collude to produce the monopoly output?

  Describe the process by which freemarket pricing

Describe the process by which freemarket pricing might stop the degradation/depletion of the resource.

  Affecting the money supply

Suppose you are a manager at Bank of America and the Federal Reserve raises the required reserve ratio from 10 percent to 12 percent. What actions would you have to take? How would your actions and those of other bank manager’s end up affecting the m..

  Discuss political economy of euro

Discuss political economy of euro. What are likely economic effects of euro. What are its likely political effects. How is euro supposed to solve EU's political problems. Explain

  What are the firm atc at these three levels of production

A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $500. If the firm produced 800 units per day, its total cost would be $350, and if it produced 500 units per day, its total cost would be $325. What..

  American cheese also cheddar cheese are substitute afterward

If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese.

  What is its important and effect on organization

Change is important but requires close check by the managing team. What is its important and effect on organization.

  Korea achieved their economic boom

From the economic perspective, how have these three countries Japan, China and S. Korea achieved their economic boom?

  What are the three security properties of information

1. What are the three security properties of information called and how could they be described?

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