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The marginal cost of production of x units of a commodity is 56+32x56 + \frac{3}{2}x. 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:

MC=dCdxMC = \dfrac{dC}{dx}

To get Total Cost, integrate the Marginal Cost.


C(x)=∫(56+32x)dxC(x) = \int \left(56 + \dfrac{3}{2}x\right) dx

C(x)=56x+32⋅x22+KC(x) = 56x + \dfrac{3}{2} \cdot \dfrac{x^2}{2} + K

C(x)=56x+34x2+KC(x) = 56x + \dfrac{3}{4}x^2 + K


Fixed cost is the cost when no units are produced, i.e., x=0x = 0:

C(0)=56(0)+34(0)2+K=KC(0) = 56(0) + \dfrac{3}{4}(0)^2 + K = K

Since fixed costs =115= 115:

K=115K = 115

C(x)=56x+34x2+115C(x) = 56x + \dfrac{3}{4}x^2 + 115


For x=50x = 50:

C(50)=56(50)+34(50)2+115C(50) = 56(50) + \dfrac{3}{4}(50)^2 + 115

=2800+34(2500)+115= 2800 + \dfrac{3}{4}(2500) + 115

=2800+1875+115= 2800 + 1875 + 115

=4790= 4790

Therefore, the total cost of producing 50 units =Rs. 4790= \text{Rs. } 4790

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