What is the marginal cost

Assignment Help Basic Computer Science
Reference no: EM132154186

Consider the cost function C(x) = 7x2 +16x+25. (In thousands of dollars.)

(a) What is the marginal cost (MC) at production level x = 4?

(b) Use the MC at x = 4 to estimate the cost of producing 4.5 units.

(c) Let the revenue function be given by R(x) = -x2 + 49x + 60. What is the break-even point?

(d) Compute and compare the marginal revenue (MR) and MC at the break-even point. Should the company produce production beyond the break-even point? Why or why not?

Reference no: EM132154186

Questions Cloud

How many units of l would be required to produce : How many units of L would be required to produce 150 units (Q=150). Use the quadratic formula to solve for L.
What evidence does he use : What is Jerrold Tannenbaum's argument in favor of cruelty laws? What evidence does he use?
Utilizing families in the learning environment : Describe ways you see utilizing families in the learning environment. What benefits and challenges come with family volunteers?
Australia dollar against the vietnam currency : Suppose GDP is falling in bot Australia and Vietnam. Using a diagram showing the demand for and supply of dollars in the foreign market
What is the marginal cost : Consider the cost function C(x) = 7x2 +16x+25. (In thousands of dollars.)
Measure the economic welfare of the people in a society : How would you change what is in included or not included in the measurement of GDP to better measure the economic welfare of the people in a society?
What should the total profit be : What quantity of BMWs should the firm sell in each market, and what should the price be in each market? What should the total profit be?
Significant differences in town village enterprises : What is the significant differences in Town Village Enterprises (TVE's) and State-Owned Enterprises (SOEs)? Did anything change during the years?
Base on economical analysis : If a union demands and wins a wage increase in an unionized company, what are the chances (base on economical analysis) there will be a total wage bill increase

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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