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Suppose the cost to produce some commodi...

Suppose the cost to produce some commodity is linear function of output, find cost as a function of output, if cost are रु4000 for 250 units and रु5000 for 350 units. Hence find marginal cost.

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To solve the problem, we need to find the cost function \( C(x) \) as a linear function of output \( x \), given two points: when \( x = 250 \), \( C = 4000 \) and when \( x = 350 \), \( C = 5000 \). ### Step-by-Step Solution: 1. **Assume the Cost Function**: Since the cost is a linear function of output, we can express it as: \[ C(x) = ax + b \] where \( a \) is the slope (marginal cost), and \( b \) is the fixed cost. 2. **Set Up the Equations**: From the given information, we can set up two equations based on the cost at the given outputs: - For \( x = 250 \): \[ C(250) = 4000 \implies 250a + b = 4000 \quad \text{(Equation 1)} \] - For \( x = 350 \): \[ C(350) = 5000 \implies 350a + b = 5000 \quad \text{(Equation 2)} \] 3. **Subtract the Equations**: To eliminate \( b \), we can subtract Equation 1 from Equation 2: \[ (350a + b) - (250a + b) = 5000 - 4000 \] This simplifies to: \[ 100a = 1000 \] Therefore, solving for \( a \): \[ a = \frac{1000}{100} = 10 \] 4. **Substitute \( a \) Back to Find \( b \)**: Now that we have \( a \), we can substitute it back into Equation 1 to find \( b \): \[ 250(10) + b = 4000 \] \[ 2500 + b = 4000 \] \[ b = 4000 - 2500 = 1500 \] 5. **Write the Cost Function**: Now we can write the cost function: \[ C(x) = 10x + 1500 \] 6. **Find the Marginal Cost**: The marginal cost is the derivative of the cost function with respect to \( x \): \[ C'(x) = \frac{d}{dx}(10x + 1500) = 10 \] ### Final Results: - The cost function is: \[ C(x) = 10x + 1500 \] - The marginal cost is: \[ \text{Marginal Cost} = 10 \]
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