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Rate of Change, Marginal Cost & Revenue · Question 39 of 79

Question 39

MediumOriginal question

The cost of making xx units is C(x)=100+12x+x2C(x) = 100 + 12x + x^{2} rupees. Using the marginal cost at x=10x = 10, estimate the cost of making the 11th unit.

Options for question 39

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. C′(x)=12+2xC'(x) = 12 + 2x, so C′(10)=32C'(10) = 32.

  2. The 11th unit costs about ₹32. (Exactly, C(11)−C(10)=353−320=33C(11) - C(10) = 353 - 320 = 33; the marginal cost is the quick estimate.)

Worth noting

₹320 is the cost of all 10 units, C(10)C(10).

Concept
Estimating the next unit's cost
Typical time
90 s
Your time
—
The rule this testsMarginal cost
Practise this chapter →

Ten questions from Rate of Change, Marginal Cost & Revenue, at your own pace.

Practise this chapter →

Ten questions from Rate of Change, Marginal Cost & Revenue, at your own pace.