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The equation used to determine total cost is as follows: Total Cost = Fixed Cost + (Average Variable Cost) x Output. The equation to find total cost of a number ("q') of units is: C(q)= 100 + 2q.

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How can one determine the total cost function for a given scenario"?

To determine the total cost function for a given scenario, one must identify all the costs associated with the scenario, such as fixed costs and variable costs. By analyzing the relationship between the input factors and the total cost, one can derive a mathematical equation that represents the total cost function. This equation can then be used to calculate the total cost for different levels of input factors in the scenario.


What is the definition of average cost and how is it calculated in business operations?

Average cost is the total cost of production divided by the number of units produced. It is a measure used in business operations to determine the cost per unit of a product or service. This calculation helps businesses understand their overall cost efficiency and make informed decisions about pricing and production strategies.


How can the total expenditures test be used to determine demand elasticity?

Total expenditures depends on the quantity multiplied by the price!


What process is used to determine if the benefits caused by mitigation exceed the costs of the solution?

benefit/cost analysis


What if Palomar opened a new box of 125 coffee creamers. 41 coffee creamers were used during the week. What equation could be used to find x the number of coffee creamer?

To find ( x ), the number of coffee creamers remaining after using 41, you can use the equation ( x = 125 - 41 ). This equation represents the total number of coffee creamers initially available minus the number used during the week. Solving for ( x ) will give you the remaining number of coffee creamers.

Related Questions

How can one determine the total cost function for a given scenario"?

To determine the total cost function for a given scenario, one must identify all the costs associated with the scenario, such as fixed costs and variable costs. By analyzing the relationship between the input factors and the total cost, one can derive a mathematical equation that represents the total cost function. This equation can then be used to calculate the total cost for different levels of input factors in the scenario.


A secretary purchased tree items at an office supply store including a 6.5 sales tax total payment was 13.85 which equation can be used to correctly determan the cost of the three items before tax?

The equation that would be used to correctly determine the cost of the 3 items is 0.65x=13.85.


What formula is used to determine if a vehicle is a total loss?

Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car


The total cost to rent a row boat is 16 times the number of hours the boat is used. Write an equation to model this situation if c total cost and h number of hours.?

c=16h


What equation is used to determine the precipitate?

Net Ionic


What equation is used to determine the velocity of a wave?

The equation used to determine the velocity of a wave is: velocity = frequency x wavelength. This equation shows that the velocity of a wave is dependent on the frequency of the wave and its wavelength.


A salesclerk earns 250 per week plus a commission of 0.5 of her total sales. If her sales total x dollars. What equation can be used to determine her total weekly earnings?

y= 250+1/5x


The total cost to rent a row boat is 10 times the number of hours the boat is used Write an equation to model this situation if c equals total cost and h equals number of hours?

c=10h !


Can a graph be used to determine the number of solutions an equation has?

Yes.


What equation would you use to determine the energy used?

The equation to determine energy used is: Energy Used (J) = Power (W) x Time (s) where Power is measured in watts (W) and Time is measured in seconds (s).


What is characteristic equation in control systems?

Set 0=(denominator of the System Transfer Function), this is the Characteristic Equation of that system. This equation is used to determine the stability of a system and to determine how a controller should be designed to stabilize a system.


What formula is used to determine if a vehicle is a total loss in Texas?

If the cost to repair is more than the vehicle is worth to replace then it is considered totaled.