Business, 24.09.2020 08:01 linseyamaker2961
A linear cost function is C(x) = 4x + 600. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope 4 Correct: Your answer is correct. C-intercept 600 Correct: Your answer is correct. (b) What is the marginal cost MC ? MC = What does the marginal cost mean? Each additional unit produced reduces the cost by this much (in dollars). If production is increased by this many units, the cost decreases by $1. If production is increased by this many units, the cost increases by $1. Each additional unit produced costs this much (in dollars). (c) What are the fixed costs? $ (d) How are your answers to parts (a), (b), and (c) related? slope = fixed costs, and C-intercept = marginal cost slope C-intercept = marginal cost slope = marginal cost, and C-intercept = fixed costs C-intercept slope = marginal cost (e) What is the cost of producing one more item if 50 are currently being produced? $ What is the cost of producing one more item if 100 are currently being produced? $
Answers: 1
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Business, 22.06.2019 11:00, roseemariehunter12
In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000
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Business, 22.06.2019 19:10, EthanIsHyper
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A linear cost function is C(x) = 4x + 600. (Assume C is measured in dollars.) (a) What are the slope...
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