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 + 1700XUse your function to answer the following questions.(a) On a given day, what is the cost of manufacturing three pianos?$8000That's it!(b) What is the cost of manufacturing the third piano that day?$ 2100Nicely done.(c) What is the cost of manufacturing the 11th piano that day?$ 2100Excellent!(d) What is the variable cost?$What is the fixed cost?$What is the marginal cost?$X per piano

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Answered: A piano manufacturer has a daily fixed…

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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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 =
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