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Exponential and Logarithmic Functions -Differential Equations
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Question: Which of the following will be the cost function for the marginal cost function C′(
x
) = 2
x
+ 3
x
2
when cost of 2 units is $12?
A ) C(
x
) = -
x
2
+
x
3
B ) C(
x
) =
x
2
-
x
3
C ) C(
x
) =
x
2
+
x
3
D ) C(
x
) =
x
2
+
x
3
+
x
Steps to derive
1
C′(
x
) = 2
x
+ 3
x
2
[Given.]
2
Since, cost of 2 units is $12, we have C(2) = 12.
[Given.]
3
C(
x
) =
∫
(2
x
+ 3
x
2
)
dx
[Integrate both sides.]
4
C(
x
) =
x
2
+
x
3
+
k
5
12 = 2
2
+ 2
3
+
C
[Substitute
x
= 2, C(2) = 12.]
6
12 = 4 + 8 +
C
7
C
= 0
8
Thus, the cost function is C(
x
) =
x
2
+
x
3
.
Hence the right answer is Option C
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