The marginal cost of production of x units of a commodity is $56 +\frac{3}{2}x$. It is known that fixed costs are Rs.115. Then the total cost of producing 50 units is:- |
Rs. 2800 Rs. 1875 Rs. 4790 Rs. 3383.75 |
Rs. 4790 |
The correct answer is Option (3) → Rs. 4790 GivenMarginal cost: $MC = 56 + \frac{3}{2}x$ Fixed cost: $FC = 115$ Total cost: $TC = FC + \int MC \, dx$ $\int (56 + \frac{3}{2}x) dx = 56x + \frac{3}{4}x^2$ Total cost for 50 units: $TC = 115 + 56\cdot 50 + \frac{3}{4}\cdot 50^2$ $TC = 115 + 2800 + \frac{3}{4}\cdot 2500 = 115 + 2800 + 1875 = 4790$ |