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Application Of Derivatives
Question
The total cost C(x) in Rupees associated with the production of x units of an item is given by C(x) = 0.007 x – 0.003 x2 + 15 x + 4000.
Find the marginal cost when 17 units are produced.
Solution
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Marginal cost
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When x = 17, marginal cost = (0.021) (17)2 - (0.006) (17) + 15
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