Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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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) = 1500x
X
Use your function to answer the following questions.
(a) On a given day, what is the cost of manufacturing three pianos?
$ 5800
(b) What is the cost of manufacturing the third piano that day?
1500
(c) What is the cost of manufacturing the 11th piano that day?
1500
(d) What is the variable cost?
$ 1500x
What is the fixed cost?
$ 1300
What is the marginal cost?
$ 1500
per piano
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Transcribed Image Text: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) = 1500x X Use your function to answer the following questions. (a) On a given day, what is the cost of manufacturing three pianos? $ 5800 (b) What is the cost of manufacturing the third piano that day? 1500 (c) What is the cost of manufacturing the 11th piano that day? 1500 (d) What is the variable cost? $ 1500x What is the fixed cost? $ 1300 What is the marginal cost? $ 1500 per piano
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