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Given the total cost function for x unit...

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

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To solve the problem, we need to find the marginal cost function and the average cost function from the given total cost function \( C(x) = \frac{1}{3} x^3 + 2x^2 - 5x + 10 \). ### Step 1: Find the Marginal Cost Function The marginal cost function is defined as the derivative of the total cost function with respect to \( x \). 1. **Differentiate the total cost function \( C(x) \)**: \[ C'(x) = \frac{d}{dx} \left( \frac{1}{3} x^3 + 2x^2 - 5x + 10 \right) \] 2. **Apply the power rule for differentiation**: - The derivative of \( \frac{1}{3} x^3 \) is \( x^2 \). - The derivative of \( 2x^2 \) is \( 4x \). - The derivative of \( -5x \) is \( -5 \). - The derivative of a constant (10) is 0. 3. **Combine the derivatives**: \[ C'(x) = x^2 + 4x - 5 \] Thus, the marginal cost function is: \[ \text{Marginal Cost} = C'(x) = x^2 + 4x - 5 \] ### Step 2: Find the Average Cost Function The average cost function is defined as the total cost function divided by the number of units \( x \). 1. **Write the average cost function**: \[ \text{Average Cost} = \frac{C(x)}{x} = \frac{\frac{1}{3} x^3 + 2x^2 - 5x + 10}{x} \] 2. **Simplify the expression**: - Divide each term in the numerator by \( x \): \[ \text{Average Cost} = \frac{1}{3} x^2 + 2x - 5 + \frac{10}{x} \] Thus, the average cost function is: \[ \text{Average Cost} = \frac{1}{3} x^2 + 2x - 5 + \frac{10}{x} \] ### Summary of Results - **Marginal Cost Function**: \( C'(x) = x^2 + 4x - 5 \) - **Average Cost Function**: \( \text{Average Cost} = \frac{1}{3} x^2 + 2x - 5 + \frac{10}{x} \)
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