A piano manufacturer has a daily fixed cost of $1,300 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? $ (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

A piano manufacturer has a daily fixed cost of $1,300 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? $ (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

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Similar questions

A company produces very unusual CD's for which the variable cost is $12 per CD and the fixed costs are $40,000. Assume that they will sell all the CD's they can produce, and their selling price is $42 each. Let x be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C(x) = Write the total revenue R as a function of the number of CD's produced. R(x) = Write the total profit P as a function of the number of CD's produced. P(x) = Write the marginal profit as a function of the number of CD's produced. Marginal profit =
A piano manufacturer has a daily fixed cost of $1,700 and a marginal cost of $2,100 per piano. Find the cost C(x) of manufacturing x pianos in one day. C(x) = 2100 + 1700 X Use your function to answer the following questions. (a) On a given day, what is the cost of manufacturing three pianos? $8000 That's it! (b) What is the cost of manufacturing the third piano that day? $ 2100 Nicely done. (c) What is the cost of manufacturing the 11th piano that day? $ 2100 Excellent! (d) What is the variable cost? $ What is the fixed cost? $ What is the marginal cost? $ X per piano
Extreme Protection, Inc. manufactures helmets for skiing and snowboarding. The fixed costs for one model of helmet are $7900 per month. Materials and labor for each helmet of this model are $55, and the company sells this helmet to dealers for $85 each. (Let x represent the number of helmets sold. Let C, R, and P be measured in dollars.) (a) For this helmet, write the function for monthly total costs C(x). C(x) = (b) Write the function for total revenue R(x). R(x) = (c) Write the function for profit P(x). P(x) = (d) Find C(200). C(200) = Interpret C(200). O When this many helmets are produced the cost is $200. O This is the cost (in dollars) of producing 200 helmets. O For every additional helmet produced the cost increases by this much. O For each $1 increase in cost this many more helmets can be produced. Find R(200). R(200) =
A dairy spends $24,000 per year to maintain its barns and equipment. It costs $2000 per year to feed and care for each dairy cow. (a) Using C for the number of dairy cows and E for the total yearly expense, in dollars, find a formula that gives the total yearly expense as a linear function of the number of dairy cows. E = (b) Use functional notation to express the total expense if the dairy has 40 cows. E(40) E(40C) 40E E(2000) E(24,000) (c) Calculate the value from part (b). $
In 2011 online sales were $192 billion, and in 2015 they were $264 billion. (a) Find a linear function S that models these data, where S is the sales in billions of dollars and x is the year. Write S(x) in slope-intercept form. (b) Interpret the slope of the graph of S. (c) Determine when online sales were $246 billion. ..... (a) Write S(x) in slope-intercept form. S(x) = %3D (b) Interpret the slope of the graph of S. Choose the correct answer below. O A. Sales decreased by $18 billion in next 4 years. B. Sales decreased, on average, by $18 billion/yr. C. Sales increased, on average, by $18 billion/yr. D. Sales increased by $18 billion in next 4 years. (c) Online sales were $246 billion in the year
The demand equation for your company's virtual reality video headsets is 1,500 p = g0.3 where g is the total number of headsets that your company can sell in a week at a price of p dollars. The total manufacturing and shipping cost amounts to $110 per headset. (a) Find the weekly cost, revenue and profit as a function of the demand q for headsets. C(q)= 110g R(q)= 1500g0.7 P(g)= 1500 g0. – 1109 (b) How many headsets should your company sell to maximize profit? (Give your answer to the nearest whole number.) q = 1845 V headsets What is the greatest profit your company can make in a week? (Give your answer to the nearest whole number.) $ E Second derivative test: Your answer above is a critical point for the weekly profit function. To show it is a maximum, calculate the second derivative of the profit function. P"(q)= 86977 Evaluate P"(qg) at your critical point. The result is negative , which means that the profit is concave down v at the critical point, and the critical point is a…