Total cost function running a certain business entity was found to be cost functions =50000+15X+0.01X² where X is output product calculate The marginal cost when 100 units of product are produced?

To find the marginal cost when 100 units of product are produced, we need to find the derivative of the cost function with respect to X.

The derivative of the cost function 50000 + 15X + 0.01X² with respect to X is:

d(cost)/dX = 15 + 0.02X

Now, we can substitute X = 100 into the derivative to find the marginal cost:

Marginal cost = 15 + 0.02(100)
= 15 + 2
= 17

Therefore, the marginal cost when 100 units of product are produced is 17.