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Marginal Cost...

Marginal Cost

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Marginal costs are variable costs consisting of labor and material costs, plus an estimated portion of fixed costs (such as administration overheads and selling expenses). In companies where average costs are fairly constant, marginal cost is usually equal to average cost.
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IF the marginal cost is defined as the rate of change of total cost with respect to the number of units of the product, The marginal cost of producing x units of a product is given by marginal cost =2xsqrt(x+5) . The cost of producing 4 units of the product is Rs 314.40 . Find the cost function.