The average cost function associated with producing and marketing x units of an item is given by $AC=2x-11+\frac{50}{x}$ then the marginal cost of 10 items will be : |
14 140 29 10 |
29 |
The correct answer is Option (3) → 29 The average cost of a function is, $AC=2x-11+\frac{50}{x}$ ∴ Total cost, $C(x)=AC.x$ $=x(2x-11+\frac{50}{x})$ $=2x^2-11x+50$ $MC=\frac{d}{dx}(2x^2-11x+50)=4x-11$ $MC(10)=4(10)-11=29$ |