- 9 Marks
QT – May 2017 – L1 – Q3a – Elements of Calculus
Differentiate a cost function and determine how quickly the cost is changing at a specific production level.
Question
The AXM manufacturing company has determined that the cost function for producing a particular type of pavement block is given by:
Where x is measured in number of units and in GH¢.
Required:
i) Calculate the derivative of with respect to .
(5 marks)
ii) Determine how quickly the cost is changing at x=1000
(4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Cost Function, Differentiation, Rate of Change
- Level: Level 1
- Topic: Elements of Calculus
- Series: MAY 2017
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