Question 15
The total cost C (x) in Rupees associated with the production of x units of an item is given by C (x) = 0.007x3 - 0.003x2 + 15x + 4000. Find the marginal cost when 17 units are produced.
SOLUTION
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The total cost C (x) in Rupees associated with the production of x units of an item is given by C (x) = 0.007x3 - 0.003x2 + 15x + 4000. Find the marginal cost when 17 units are produced.