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Verizon [17]
3 years ago
13

A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in

dollars) of producing X bits is the cost function
C(X) = 1600 + 0.23X2
where X is the number of bits produced and $1600 is the daily fixed cost and $0.23X is the variable cost per unit. The manager has set a production goal to produce the number of bits per day which will keep the average cost per bit as low as possible.

Find the minimum average cost per unit.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
7 0

Answer:

.46 there you go

Explanation:

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Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

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Last year Leather Boot, Inc. had investments in Paris worth 440,000 euros. At that time, the euro was worth $1.12. Today the eur
hjlf

Answer:

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Explanation:

Last year, the value of the inventory in dollars was;

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Answer: a. The merged firm will operate at higher capacity and may be able to reduce costs through economies of scale and perhaps learning-by-doing, which will benefit U.S. consumers.

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