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The total cost C (x) in Rupees associated with the production of x units of an item is given by

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asked Jan 20, 2018 in Mathematics by sforrest072 (157,439 points) ● 61 ● 410 ● 942
edited Mar 7, 2018 by faiz

The total cost C (x) in Rupees associated with the production of x units of an item is given by

C(x) =0.007x3-0.003x2+15x+4000

Find the marginal cost when 17 units are produced.

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answered Jan 20, 2018 by mdsamim (213,225 points) ● 5 ● 10 ● 15
selected Jan 20, 2018 by sforrest072
 
Best answer

Marginal cost is the rate of change of total cost with respect to output.

= 6.069 − 0.102 + 15
= 20.967

Hence, when 17 units are produced, the marginal cost is = 20.967.

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