Determination of Cost Function

IMPORTANT

Determination of Cost Function: Overview

In this topic, we will learn how to determine the cost function and average cost function related to the number of units produced. Furthermore, we will discuss some benefits of determining these functions.

Important Questions on Determination of Cost Function

HARD
IMPORTANT

The marginal cost function MC=2x+5ex+3, find average cost function, when x=0,C=100.

HARD
IMPORTANT

The monthly marginal cost for a product is MC=x+30. If fixed cost is 50 rupees, find the total cost function for the month.

HARD
IMPORTANT

The marginal cost function MC=2+5ex, find average cost function, when x=0,C=100.

HARD
IMPORTANT

The marginal cost function MC=2+5ex, find C if C0=100.

HARD
IMPORTANT

The marginal cost function of manufacturing x shoes is 6+10x-6x2. The cost producing a pair of shoes is 12 rupees. Find the total and average cost function.

MEDIUM
IMPORTANT

A company produces a commodity with ₹24000 fixed cost. The variable cost is estimated to be 25% of the total revenue recovered on selling the product at a rate of ₹8 per unit. Find the break even point.

MEDIUM
IMPORTANT

For a new product, a manufacturer spends 100000 on the infrastructure and the variable cost is estimated as 150 per unit of the product. The sale price per unit was fixed at 200.

Find break even point of the function.

MEDIUM
IMPORTANT

A manufacturer can sell x items of commodity at a price of Rs.(330-x) each. Find the revenue function along with the cost of producing x items is Rs.(x2+10x+12), determine the profit function.

EASY
IMPORTANT

A company sells its products at the rate of Rs 6 per unit. The variable costs are estimated to run 25% of the total revenue received. If the fixed costs for the product are Rs 4500, find the total cost function.

EASY
IMPORTANT

The marginal cost of product is given by MC=5002x+25   and the fixed cost is Rs.2500  Find the total cost function. 

EASY
IMPORTANT

The marginal cost (MC) of a product is given to be a constant multiple of the number of units (x) produced .Find the total cost function, if fixed cost is Rs.5000 and the cost of producing 50 units is Rs.5625.

MEDIUM
IMPORTANT

The monthly marginal cost for a product is MC=x+30. If fixed cost is 50 rupees, find the total cost function for the month.

EASY
IMPORTANT

The marginal cost function of producing x units of a product is given  by MC=3e0.3x+5 . If the fixed cost is Rs.6050, find the total cost  function. Also find the cost of production of 10 units.