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Rate of Change, Marginal Cost & Revenue · Question 44 of 79

Question 44

HardOriginal question

The cost of making xx units is C(x)=x3−9x2+40x+100C(x) = x^{3} - 9x^{2} + 40x + 100 rupees. At what output is the marginal cost least?

Options for question 44

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. MC=3x2−18x+40MC = 3x^{2} - 18x + 40. It is least where its own derivative is 0: 6x−18=06x - 18 = 0.

  2. x=3x = 3 units, and the second derivative 6 is positive, so it is a minimum.

Worth noting

9 units halves 18 but forgets that the square term is 3x23x^{2}: the lowest point of 3x2−18x+403x^{2} - 18x + 40 is at 182×3=3\frac{18}{2 \times 3} = 3.

Concept
Where marginal cost is least
Typical time
120 s
Your time
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The rule this testsMarginal cost
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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.