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Question -

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

Find the marginal cost when 17 units are produced.



Answer -

Marginal cost is the rate of change of total cost withrespect to output.

Marginal cost (MC)

When x = 17, MC = 0.021 (172) −0.006 (17) + 15

= 0.021(289) − 0.006(17) + 15

= 6.069 − 0.102 + 15

= 20.967

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

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