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What equation is used to determine total cost?
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.
Equation for marginal cost and average cost?
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
How do you get the break-even point?
Original answer: Break-even = fixed cost/ (price - variable cost)Additional: This equation gives the answer as the number of units of the product.
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
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 equation is used to determine total cost?
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.
Which is an equation that gives the cost c of a ride of m miles where m is an integer?
The cost ( c ) of a ride of ( m ) miles can be represented by the equation ( c = a + b \cdot m ), where ( a ) is the base fare and ( b ) is the cost per mile. For example, if the base fare is $3 and the cost per mile is $2, the equation would be ( c = 3 + 2m ). This equation calculates the total cost based on the distance traveled.
How do you write the equation for the accounting cost function?
Cost = Fixed + (variable x units)
What is the general equation for income?
Profit-Cost=Income
What is the equation of net benefit?
The equation for net benefit is: Net Benefit = Total Benefit - Total Cost
What is the labor cost percentage equation?
Lost-Cost percentage= Total labor Cost/Total Sales Rev
Equation for marginal cost and average cost?
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
What is the economic Value added equation?
price - marginal cost
The total cost to rent a row boat is 14 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?
The equation to model the total cost of renting a row boat can be expressed as ( c = 14h ), where ( c ) represents the total cost and ( h ) represents the number of hours the boat is used. This equation indicates that the cost increases linearly with the number of hours, with a rate of $14 per hour.
Find the estimate cost equation using the high low method?
Coness
What if 3 apples and 4 peaches cost 5.35?
If 3 apples and 4 peaches cost $5.35, you can express this relationship using an equation: let ( a ) represent the cost of one apple and ( p ) represent the cost of one peach. The equation would be ( 3a + 4p = 5.35 ). To find the individual prices, you would need additional information, such as the cost of either the apples or the peaches.
How can you use substitution to check your equation?
by dividing your cost by how many things you are getting or buying
