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CUET · MATHS · PYQ PAPER 2023

For a manufacturer, total cost function is given by \(C=\frac{x^2}{25}+2 x\). Which of the following are correct ?
A. 2.6 is the marginal cost when 5 units are produced.
B. \(\frac{2 x}{25}+2\) is the marginal cost function.
C. \(\frac{x}{25}+2\) is the average cost function.
D. 2.4 is the marginal cost when 5 units are produced.
E. \(\frac{x}{25}+1\) is the average cost function.
Choose the correct answer from the options given below:

  1. A A, B, E only
  2. B B, C, E only
  3. C \(C , B , D\) only
  4. D A, D, E only
Verified Solution

Answer & Solution

Correct Answer

(C) \(C , B , D\) only

Step-by-step Solution

Detailed explanation

Marginal cost function: \(MC = \frac{dC}{dx}\) \(MC = \frac{d}{dx} (\frac{x^2}{25}+2x) = \frac{2x}{25}+2\) Marginal cost when \(x=5\): \(MC(5) = \frac{2(5)}{25}+2 = \frac{10}{25}+2 = 0.4+2 = 2.4\) Average cost function: \(AC = \frac{C}{x}\)…
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