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? $ X What is the fixed cost? $ X What is the marginal cost? $ Xper piano
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? $ X What is the fixed cost? $ X What is the marginal cost? $ Xper piano
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text: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
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