The marginal cost of production of x units of a commodity is . It is known that fixed costs are Rs.115. Then the total cost of producing 50 units is:-
The marginal cost of production of x units of a commodity is . It is known that fixed costs are Rs.115. Then the total cost of producing 50 units is:-
Solution
✅ Correct Option: 3
Marginal Cost is the derivative of Total Cost:
To get Total Cost, integrate the Marginal Cost.
Fixed cost is the cost when no units are produced, i.e., :
Since fixed costs :
For :
Therefore, the total cost of producing 50 units
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