A piano manufacturer has a daily fixed cost of $1,100 and a marginal cost of $1,500 per piano. Find the cost C(x) of manufacturing x pianos in one day. C(x) = Use your function to answer the following questions. (a) On a given day, what is the cost of manufacturing three pianos? 2$ (b) What is the cost of manufacturing the third piano that day? 2$ (c) What is the cost of manufacturing the 11th piano that day? 2$ (d) What is the variable cost? 24 What is the fixed cost? 2$ What is the marginal cost? 24 per piano
A piano manufacturer has a daily fixed cost of $1,100 and a marginal cost of $1,500 per piano. Find the cost C(x) of manufacturing x pianos in one day. C(x) = Use your function to answer the following questions. (a) On a given day, what is the cost of manufacturing three pianos? 2$ (b) What is the cost of manufacturing the third piano that day? 2$ (c) What is the cost of manufacturing the 11th piano that day? 2$ (d) What is the variable cost? 24 What is the fixed cost? 2$ What is the marginal cost? 24 per piano
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![What is the fixed cost?
$
What is the marginal cost?
$4
per piano
(e) Graph C as a function of x. HINT [See Example 1.]
C
C
20 000-
4
8
10
12
15 000
-5000
10 000
- 10 000
5000
-15 000
O- 20 000
4.
6.
8
10
12
20 000
8
10
12
15 000
- 5000
10 000
- 10 000
5000
- 15 000
X
12
O-20 000
4
6
8
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F079d8fae-2118-4744-9f65-ccaea319037f%2F5f75c709-d61c-4729-9100-0704ac23e70d%2Fmnb0ur8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the fixed cost?
$
What is the marginal cost?
$4
per piano
(e) Graph C as a function of x. HINT [See Example 1.]
C
C
20 000-
4
8
10
12
15 000
-5000
10 000
- 10 000
5000
-15 000
O- 20 000
4.
6.
8
10
12
20 000
8
10
12
15 000
- 5000
10 000
- 10 000
5000
- 15 000
X
12
O-20 000
4
6
8
10
Transcribed Image Text:A piano manufacturer has a daily fixed cost of $1,100 and a marginal cost of $1,500 per piano. Find the cost C(x) of manufacturing x pianos in one day.
C(x) =
Use your function to answer the following questions.
(a) On a given day, what is the cost of manufacturing three pianos?
2$
(b) What is the cost of manufacturing the third piano that day?
2$
(c) What is the cost of manufacturing the 11th piano that day?
2$
(d) What is the variable cost?
2$
What is the fixed cost?
2$
What is the marginal cost?
24
per piano
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