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2 years ago

8. Suppose the total cost function is as follows: TC= x^3/3 -x^2+11x

1 answer:

7 0

At 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)

<h3>What are maxima and minima?</h3>

Maxima and minima of a function are the extremes within the range, in other words, the maximum value of a function at a certain point is called maxima and the minimum value of a function at a certain point is called minima.

We have a total cost function:

TC = x³/3 - x² + 11x

Average total cost:

$\rm F\left(x\right)=\dfrac{\left(\dfrac{x}{3}^3-\:x^2\:+\:11x\right)}{x}$

Differentiating with respect to x and equating to x

d(F(x))/dx = 0

We will get:

x = 1.5

F'(1.5) > 0

At 1.5 the average total cost is a minimum.

Thus, at 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)

Learn more about the maxima and minima here:

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Which characteristics describe customers who are more likely to have high assets and medium-low debt?

Zielflug [23.3K]

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

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7 0

2 years ago

Which of these is a common tax form in the United States? 40B 1001Z 1040Z All of the above

shusha [124]

Answer:

1040 Z is the correct answer

Explanation:

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3 years ago

Due to ____, market forces should realign the cross exchange rate between two foreign currencies based on the spot exchange rate

aksik [14]

Answer:

Triangular Arbitrage

Explanation:

Arbitrage is the financial practice in which the prices of two or more different markets are taken advantage of to make profit as a result of tthe imbalance in the prices of the markets.

Also known as 3 point or cross currency arbitrage, Triangular arbitrage is the taking advantage/ exploiting of the pricing differences between 3 currencies on the foreign exchange market.

Simply put, triangular arbitrage is a situation in which the exchange rates between 3 currencies are not the same.

Triangular arbitrage is difficult to come by as it requires very advanced computer systems to detect and take advantage of.

I hope this helps.

6 0

3 years ago

At December 31, 2019, Oriole Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,261

solong [7]

Answer:

The company should report the 03 EPS figures on its 2020 income statement:

EPS continuing operations = $3.64

EPS discontinued operations = $(0.54)

EPS net income = EPS continuing operations + EPS discontinued operations = $3.10

Explanation:

<u>* Calculation in EPS continuing operations:</u>

EPS continuing operations = (Net income from continuing operation - preferred dividend)/No. of common shares outstanding

in which: Net income from continuing operation = Income from continuing operations before taxes * (1- tax rate) = 24,649,800 * (1-35%) = $16,022,370

preferred dividend = $1,092,610

No. of common shares outstanding = 4,099,840

EPS continuing operations = ($16,022,370 - $1,092,610) / 4,099,840= $3.64

<u>* Calculation in EPS discontinued operations:</u>

EPS discontinued operations = Net income from discontinuing operation /No. of common shares outstanding

in which: Net income from continuing operation = Income from discontinuing operations before taxes * (1- tax rate) = (3,399,100) * (1-35%) = $(2,209,415)

No. of common shares outstanding = 4,099,840

EPS discontinued operations = (2,209,415)/ 4,099,840 = $(0.54)

5 0

4 years ago

Which strategy are you using when you only read the title, section headings, and captions?

wlad13 [49]

I believe that the strategy you are using when you only read the title, section headings, and captions is called the SQ3R reading method. The abbreviation stands for survey, question, read, recite, and review, and it helps you better understand your assignment.

4 0

3 years ago