2. The total cost (in thousands of pesos) of producing x HDTVS isC(x) = 50, 000 + 1,000x--0.5a2a. Find the cost of producing the 101st HDTV.b. Use the marginal cost to approximate the cost of producing the 101st HDTV.3. Suppose that for a company producing r face shields per week, the cost (C) and revenue (R) functionsare given by C(x) = 5,000 + 2x and R(x)at the rate of 500 face shields per week when production is 2000 face shields per week, find the rate ofincrease in the profit.(Hint: Profit is revenue minus cost)= 10x – 0.001x2, respectively. If production is increasing

"Since you have asked multiple questions, we will solve the first one for you. If you want any…

2. The total cost (in thousands of pesos) of producing r HDTVS is C(r) = 50, 000 + 1,000x-0.5x2 %3D a. Find the cost of producing the 101st HDTV. b. Use the marginal cost to approximate the cost of producing the 101st HDTV.

2. The total cost (in thousands of pesos) of producing r HDTVS is C(r) = 50, 000 + 1,000x-0.5x2 %3D a. Find the cost of producing the 101st HDTV. b. Use the marginal cost to approximate the cost of producing the 101st HDTV.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 6SQ

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Question

2. The total cost (in thousands of pesos) of producing x HDTVS is
C(x) = 50, 000 + 1,000x-
-0.5a2
a. Find the cost of producing the 101st HDTV.
b. Use the marginal cost to approximate the cost of producing the 101st HDTV.
3. Suppose that for a company producing r face shields per week, the cost (C) and revenue (R) functions
are given by C(x) = 5,000 + 2x and R(x)
at the rate of 500 face shields per week when production is 2000 face shields per week, find the rate of
increase in the profit.(Hint: Profit is revenue minus cost)
= 10x – 0.001x2, respectively. If production is increasing

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