2.22 Suppose that the total cost of manufacturing x units of a certain commodity isC(x) = 2r + 6.r + 12. Use differentials to approximate the cost of producing the21st unit. Compare this estimate with the cost of actually producing the 21st unit.2.23 A manufacturer's total cost is C(x) = 0.1.r – 0.25x² + 300x + 100 dollars, wherex is the level of production. Estimate the effect on the total cost of an increase in thelevel of production from 6 to 6.1 units.2.24 It is estimated that years from now, the population of a certain town will beF(1) = 40 - (8/(! + 2)]. Use differentials to estimate the amount by which thepopulation will increase during the next six months.

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Suppose that the total cost of manufacturing r units of a certain commodity is C(x) = 2r + 6.r + 12. Use differentials to approximate the cost of producing the 21st unit. Compare this estimate with the cost of actually producing the 21st unit. %3D

Suppose that the total cost of manufacturing r units of a certain commodity is C(x) = 2r + 6.r + 12. Use differentials to approximate the cost of producing the 21st unit. Compare this estimate with the cost of actually producing the 21st unit. %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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