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Given the total cost function for x unit...

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 .

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To find the marginal cost function from the given total cost function \( C(x) = \frac{1}{3} x^3 + 3x^2 - 16x + 2 \), we need to differentiate the total cost function with respect to \( x \). ### Step-by-Step Solution: 1. **Write down the total cost function:** \[ C(x) = \frac{1}{3} x^3 + 3x^2 - 16x + 2 \] 2. **Differentiate the total cost function to find the marginal cost function:** The marginal cost function \( MC(x) \) is given by: \[ MC(x) = \frac{dC}{dx} \] 3. **Differentiate each term of \( C(x) \):** - The derivative of \( \frac{1}{3} x^3 \) is: \[ \frac{d}{dx} \left( \frac{1}{3} x^3 \right) = \frac{1}{3} \cdot 3x^2 = x^2 \] - The derivative of \( 3x^2 \) is: \[ \frac{d}{dx} (3x^2) = 3 \cdot 2x = 6x \] - The derivative of \( -16x \) is: \[ \frac{d}{dx} (-16x) = -16 \] - The derivative of the constant \( 2 \) is: \[ \frac{d}{dx} (2) = 0 \] 4. **Combine the derivatives:** Now, we combine all the derivatives: \[ MC(x) = x^2 + 6x - 16 \] 5. **Final result:** Therefore, the marginal cost function is: \[ MC(x) = x^2 + 6x - 16 \]
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  • 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

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