The total cost associated with the production of units of an item is given by . The marginal cost when 10 units are produced is:
The total cost associated with the production of units of an item is given by . The marginal cost when 10 units are produced is:
Solution
✅ Correct Option: 1
Marginal cost is the additional cost of producing one more unit, represented by the derivative of the cost function .
Given cost function:
Taking the derivative with respect to :
To find the marginal cost when 10 units are produced, substitute :
The calculated marginal cost is .
Related questions:
2025: 26 May Shift 2
2026: 18 May Shift 2
2025: 21 May Shift 1
2025: 30 May Shift 1