Home
Class 12
MATHS
If the cost function of a certain commod...

If the cost function of a certain commodity is `C(x)=2000+ 50x-(1)/(5)x^(2)` then the average cost of producing 5 units is

A

Rs 451

B

Rs 450

C

Rs 449

D

Rs 2245

Text Solution

AI Generated Solution

The correct Answer is:
To find the average cost of producing 5 units of a commodity given the cost function \( C(x) = 2000 + 50x - \frac{1}{5}x^2 \), we will follow these steps: ### Step 1: Calculate the total cost for producing 5 units We need to substitute \( x = 5 \) into the cost function \( C(x) \). \[ C(5) = 2000 + 50(5) - \frac{1}{5}(5^2) \] ### Step 2: Simplify the expression Now, we will simplify the expression step by step. 1. Calculate \( 50(5) \): \[ 50(5) = 250 \] 2. Calculate \( \frac{1}{5}(5^2) \): \[ 5^2 = 25 \quad \text{and} \quad \frac{1}{5}(25) = 5 \] 3. Substitute these values back into the equation: \[ C(5) = 2000 + 250 - 5 \] 4. Combine the values: \[ C(5) = 2000 + 250 - 5 = 2245 \] ### Step 3: Calculate the average cost The average cost \( AC \) is calculated by dividing the total cost by the number of units produced. \[ AC = \frac{C(5)}{5} = \frac{2245}{5} \] ### Step 4: Perform the division Now we will perform the division: \[ AC = \frac{2245}{5} = 449 \] ### Conclusion The average cost of producing 5 units is \( \text{Rs. } 449 \).
Promotional Banner

Topper's Solved these Questions

  • APPLICATION OF CALCULUS

    ICSE|Exercise Competency based questions |10 Videos
  • APPLICATION OF INTEGRALS

    ICSE|Exercise MULTIPLE CHOICE QUESTIONS (Choose the correct answer from the given four options in questions)|17 Videos

Similar Questions

Explore conceptually related problems

If the total cost function is given by C(x) = 10x - 7x^(2) + 3x^(3) , then the marginal average cost

Given the total cost function for x units of a commodity as C(x) =1/3 x^3+x^(2)-8x+5 , find slope of average cost function.

If the total cost function for a production of x units of a commodity is given by 3/4x^(2)–7x+27 , then the number of units produced for which MC = AC is

The demand function of a certain commodity is given by p= 1000 - 25 x+x^(2) where 0le x le20 . Find the price per unit and total revenue from the sale of 5 units.

Given the total cost function for x units of a commodity as C(x) = (1)/(3) x^(3) + 2x^(2) - 5x + 10 .

If the total cost of producing x units of a commodity is given by C(x)=(1)/(3)x^(2)+x^(2)-15x+300 , then the marginal cost when x=5 is

Given that the total cost function for x units of a commodity is : C(x)= (x^(3))/(3) + 3x^(2)- 7x + 16 (i) Find the Marginal Cost (MC) (ii) Find the Average Cost (AC)

If the total cost function of producing x units of a commodity is given by 360 – 12x +2x^(2) , then the level of output at which the total cost is minimum is

Given the total cost function for x units of commodity as C(x)=1/3 x^3+3x^2-16x+2 . Find Marginal cost function .

If C(x)=200x-5x^(2)+(x^(2))/(3) , then find the marginal cost (MC)