Step 1: Use the stress formula.
Stress is
\[
\text{Stress}=\frac{\text{Force}}{\text{Area}}
\]
At elastic limit,
\[
\frac{F}{A}=\frac{400}{\pi}\times 10^6
\]
Given:
\[
F=484\text{ N}
\]
For a circular rod,
\[
A=\frac{\pi d^2}{4}
\]
Therefore,
\[
\frac{484}{\pi d^2/4}
=
\frac{400}{\pi}\times 10^6
\]
Step 2: Simplify the equation.
\[
\frac{484\times 4}{\pi d^2}
=
\frac{400\times 10^6}{\pi}
\]
Cancelling \(\pi\),
\[
\frac{1936}{d^2}=400\times 10^6
\]
Thus,
\[
d^2=\frac{1936}{400\times 10^6}
\]
\[
d^2=4.84\times 10^{-6}
\]
\[
d=\sqrt{4.84\times 10^{-6}}
\]
\[
d=2.2\times 10^{-3}\text{ m}
\]
\[
d=2.2\text{ mm}
\]
Step 3: Final conclusion.
Hence, the minimum diameter of the rod is
\[
\boxed{2.2\text{ mm}}
\]