1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
masya89 [10]
4 years ago
5

If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost func

tion C(x) given below. C(x) = 2,000 + 170x + 4x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.)
Business
1 answer:
xxTIMURxx [149]4 years ago
3 0

Answer: $2,98,491.106 ⇒ Total cost of production

Explanation:

Given that,

Total cost of production at x = 1000 units

C(x) = 2000 + 170x + 4x^{\frac{3}{2} }

C(1000) = 2000 + 170(1000) + 41000^{\frac{3}{2} }

             = 2000 + 170000 + 126491.106

             = $2,98,491.106 ⇒ Total cost of production

So, above is the cost of producing 1000 units.

You might be interested in
A company uses sugar in producing its product. If the price of sugar doubles, which variance is directly impacted?A) Direct mate
Nastasia [14]

Answer:

B) Direct materials price variance

Explanation:

Company uses sugar while producing a product, that means it is a direct material for the product, further provided that cost gets doubled of buying a unit of sugar, that is actual rate is now twice of earlier rate.

Therefore since only direct material price variance uses actual rate it will be affected.

Direct Material Price Variance = (Standard Price - Actual Price) \times Actual quantity.

Else labor variance does not use direct material price, therefore option C) and option D) are invalid further direct material quantity variance uses standard rate and no actual rate is used.

Therefore correct option is

D) Direct Material Price Variance

5 0
4 years ago
What are the similarity and common characteristics of regulation, rule and policy?
svetoff [14.1K]

Answer:

Policies are the rules and regulations that serve as a guiding principle for the organization while making decisions. On the other hand, procedures are the precise steps that are followed while carrying out an organization activity.

There is always a relation between them: Policies are rules that are made by organizations, to achieve their aims and goals. Policies are made by individuals, groups, companies, and even governments to carry out their plans. Regulations are rules that are made to make people comply and behave in a certain manner.

3 0
2 years ago
Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they w
sergeinik [125]

Answer: limited liability company

Explanation:

From the given case/scenario we can state that a limited liability company suit the growth of Root and Vine. Limited liability company are known as or referred to as a corporate structure whereby an individual i.e. owner is not  liable for the organization's liabilities or  debts. Limited liability organizations  are referred to as a hybrid entities that tends to combine characteristics of an organization with the ones of sole proprietorship or partnership.

8 0
3 years ago
Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-ma
Mrac [35]

Answer: Fall in revenue

Explanation:

A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.

A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.

6 0
3 years ago
If you think prices will be 10 percent higher one year from now, will your current demand for goods and services be affected? Wh
Nikolay [14]
Yes, if it’s aceritified information .
People will seek to keep goods to avoid the potential for rising in price
6 0
4 years ago
Other questions:
  • The corporations whose stock can be bought and sold on stock exchanges and in over-the-counter markets are referred to as_______
    13·1 answer
  • ierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned
    11·1 answer
  • Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face a
    10·1 answer
  • Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions are produced jointly in a mixing process
    10·1 answer
  • It is possible that a(n) ________ vertical marketing system can be more formally structured through strategic alliances and part
    9·1 answer
  • Compared to attending a technical school, completing a four-year college degree allows you to
    5·1 answer
  • The average capital investments for 2006 were:
    14·1 answer
  • It costs Sunland Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per unit.
    10·1 answer
  • Investigating production variances and adjusting the production process is an example of.
    7·1 answer
  • f the company's volume doubles, the company's total cost will Group of answer choices decrease. stay the same. double as well. i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!