I need the answer as soon as possible 500x -6. Suppose that for a 1000, the dollar cost of producing a video cameras is C(x)0.003x² +10-8³. Estimate the marginal cost at production level = 5000 and compare it withthe actual cost of the 5001st video camera.

Answer: Given, Total cost function: Cx=500x-0.003x2+10-8x3 where, x⩾1000 Let us first calculate…

6. Suppose that for a 1000, the dollar cost of producing a video cameras is C(x) = 500x - 0.003x2 +10-8³. Estimate the marginal cost at production level z= 5000 and compare it with the actual cost of the 5001st video camera.

6. Suppose that for a 1000, the dollar cost of producing a video cameras is C(x) = 500x - 0.003x2 +10-8³. Estimate the marginal cost at production level z= 5000 and compare it with the actual cost of the 5001st video camera.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 2SQP

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