The total cost C(x) associated with the production of x units of an item is given by $C(x) = 0.001x^3 +0.06x^2 + 20x + 500$. The marginal cost when 10 units are produced is: |
21.5 500 31.5 27.5 |
21.5 |
The correct answer is Option (1) → 21.5 Given total cost: $C(x)=0.001x^{3}+0.06x^{2}+20x+500$ Marginal cost = derivative of $C(x)$: $C'(x)=0.003x^{2}+0.12x+20$ At $x = 10$: $C'(10)=0.003(100)+0.12(10)+20$ $=0.3 + 1.2 + 20$ $=21.5$ The marginal cost when 10 units are produced is 21.5. |