piano manufacturer has a daily fixed cost of $1,200 and a marginal cost of $1,700 per piano. Find the cost C(x) of manuf

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899559
Joined: Mon Aug 02, 2021 8:13 am

piano manufacturer has a daily fixed cost of $1,200 and a marginal cost of $1,700 per piano. Find the cost C(x) of manuf

Post by answerhappygod »

piano manufacturer has a daily fixed cost of $1,200 and a
marginal cost of $1,700 per piano. Find the cost
C(x)
of manufacturing x pianos in one day.
C(x) =
Use your function to answer the following questions.
(a) On a given day, what is the cost of manufacturing three
pianos?
$

(b) What is the cost of manufacturing the third piano that
day?
$

(c) What is the cost of manufacturing the 11th piano that
day?
$

(d) What is the variable cost?
What is the fixed cost?
$

What is the marginal cost?
$  per piano

(e) Graph C as a function of x. HINT [See Example
1.]
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply