Ex 6.1, 15 - The total cost C(x) = 0.007 x3 - 0.003 x2 - Ex 6.1

Ex 6.1,15 - Chapter 6 Class 12 Application of Derivatives - Part 2
Ex 6.1,15 - Chapter 6 Class 12 Application of Derivatives - Part 3

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Ex 6.1, 15 The total cost C(š‘„) in Rupees associated with the production of š‘„ units of an item is given by š¶(š‘„) = 0.007š‘„^3 – 0.003š‘„2 + 15š‘„ + 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 = š’…š‘Ŗ/š’…š’™ Given, Total Cost = C(š‘„) =0.007š‘„^3āˆ’0.003š‘„^2+15š‘„+4000" " We need to find marginal Cost when 17 units are produced i.e. MC when š‘„ = 17 MC = š‘‘(š¶(š‘„))/š‘‘š‘„ MC = š‘‘(0.007š‘„^3 āˆ’ 0.003š‘„^2 + 15š‘„ + 4000)/š‘‘š‘„ MC = š‘‘(0.007š‘„^3 )/š‘‘š‘„ āˆ’ š‘‘(0.003š‘„^2 )/š‘‘š‘„+ š‘‘(15š‘„)/š‘‘š‘„+ š‘‘(4000)/š‘‘š‘„ MC = 0.007 š‘‘(š‘„^3 )/š‘‘š‘„ āˆ’0.003 š‘‘(š‘„^2 )/š‘‘š‘„ + 15š‘‘(š‘„)/š‘‘š‘„+0 MC = 0.007 Ɨ 3š‘„^2āˆ’0.003 Ɨ2š‘„+15 MC = 0.021š‘„^2āˆ’0.006š‘„+15 We need to find MC when š‘„=17 Putting š’™=šŸšŸ• MC = 0.021(17)^2āˆ’0.006(17)+15 MC = 6.069 – 0.102 + 15 MC = 20.967 Hence, the Required Marginal cost is Rs. 20.967

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