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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.
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 labor cost percentage equation?
Lost-Cost percentage= Total labor Cost/Total Sales Rev
What is the equation of net benefit?
The equation for net benefit is: Net Benefit = Total Benefit - Total Cost
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
Find the estimate cost equation using the high low method?
Coness
How can you use substitution to check your equation?
by dividing your cost by how many things you are getting or buying
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
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.
How do you answer Ray bought 15 pencils for 7.75 Some cost 45 each the rest 65 each How many of each did Ray buy. Answer step by step please?
x= # of pencils that cost .45 y= # of pencils that cost .65 So now you need 2 equations for 2 variables: 15= x+y This equation is saying: 15 total pencils bought= pencils that cost .45 + pencils that cost .65 The second equation is: 7.75= .45x + .65y This equation is saying: total money spent (7.75)= price of pencils (.45) times # of pencils + price of pencils (.65) times # of pencils Then you combine these two equations, but first switch around the first equation to look like: y=15-x Then you replace the "y" in the second equation by putting in what y equals the first equation: 7.75= .45x + .65(15-x) Then distribute and solve for x: x = 10 Then enter 10 into the first equation for x to figure out y: y= 15- 10 y= 5 So your answer is-- Ray bought 10 pencils that cost .45 and 5 pencils that cost .65
