

Finding rate of change
Finding rate of change
Last updated at Dec. 16, 2024 by Teachoo
Transcript
Ex 6.1, 15 The total cost C(𝑥) in Rupees associated with the production of 𝑥 units of an item is given by 𝐶(𝑥) = 0.007𝑥^3 – 0.003𝑥2 + 15𝑥 + 4000. Find the marginal cost when 17 units are produced.Since Marginal Cost is Rate of change in Total Cost w.r.t No of units produced Let MC be marginal cost So, MC = 𝒅𝑪/𝒅𝒙 Given, Total Cost = C(𝑥) =0.007𝑥^3−0.003𝑥^2+15𝑥+4000" " We need to find marginal Cost when 17 units are produced i.e. MC when 𝑥 = 17 MC = 𝑑(𝐶(𝑥))/𝑑𝑥 MC = 𝑑(0.007𝑥^3 − 0.003𝑥^2 + 15𝑥 + 4000)/𝑑𝑥 MC = 𝑑(0.007𝑥^3 )/𝑑𝑥 − 𝑑(0.003𝑥^2 )/𝑑𝑥+ 𝑑(15𝑥)/𝑑𝑥+ 𝑑(4000)/𝑑𝑥 MC = 0.007 𝑑(𝑥^3 )/𝑑𝑥 −0.003 𝑑(𝑥^2 )/𝑑𝑥 + 15𝑑(𝑥)/𝑑𝑥+0 MC = 0.007 × 3𝑥^2−0.003 ×2𝑥+15 MC = 0.021𝑥^2−0.006𝑥+15 We need to find MC when 𝑥=17 Putting 𝒙=𝟏𝟕 MC = 0.021(17)^2−0.006(17)+15 MC = 6.069 – 0.102 + 15 MC = 20.967 Hence, the Required Marginal cost is Rs. 20.967