Question 13 Marks
Suppose the total cost C(x) (in millions) for manufacturing x air-planes per year is given by the function
$C(x)=6+\sqrt{4 x+4} \quad 0 \leq x \leq 30$
a) Find the marginal cost at a production level of x air-planes per year.
(b) Find the marginal cost at a production level of 15 and 24 air-planes per year, and interpret the results.
$C(x)=6+\sqrt{4 x+4} \quad 0 \leq x \leq 30$
a) Find the marginal cost at a production level of x air-planes per year.
(b) Find the marginal cost at a production level of 15 and 24 air-planes per year, and interpret the results.
Answer
View full question & answer→(a) The marginal cost at a production level of x air-planes is
$C(x)=\frac{d}{d x}(6+\sqrt{4 x+4})$
$=\frac{2}{\sqrt{4 x+4}}$
(b) The marginal cost at a production level of 15 air-planes is
$C(15)=\frac{2}{\sqrt{4(15)+4}}=0.25$
At a production level of 15 air-planes per year, the total cost is increasing at the rate of ₹ 250,000 per one air-plane.
The marginal cost at a production level of 24 air-planes is
$C(24)=\frac{2}{\sqrt{4(24)+4}}=0.2$
At a production level of 24 air-planes per year, the total cost is increasing at the rate of at the rate of ₹ 200,000 per one air-plane.
$C(x)=\frac{d}{d x}(6+\sqrt{4 x+4})$
$=\frac{2}{\sqrt{4 x+4}}$
(b) The marginal cost at a production level of 15 air-planes is
$C(15)=\frac{2}{\sqrt{4(15)+4}}=0.25$
At a production level of 15 air-planes per year, the total cost is increasing at the rate of ₹ 250,000 per one air-plane.
The marginal cost at a production level of 24 air-planes is
$C(24)=\frac{2}{\sqrt{4(24)+4}}=0.2$
At a production level of 24 air-planes per year, the total cost is increasing at the rate of at the rate of ₹ 200,000 per one air-plane.



