Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
expand_more
expand_more
format_list_bulleted
Question
A piano manufacturer has a daily fixed cost of $1,800 and a marginal cost of $2,000 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
$
(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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps with 2 images
Knowledge Booster
Similar questions
- The cost of renovating p%of pollutants from a coal -fired power plant can be given by the following function c(p)=8000p/100-p with c being the cost in dollars, What is the cost of to remove 25% and the cost of removing 75%? What do you notice about the values? What could the cost be to remove 100%? Explain your answer.arrow_forwardA 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 =arrow_forwardA 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). $arrow_forward
Recommended textbooks for you
- Advanced Engineering MathematicsAdvanced MathISBN:9780470458365Author:Erwin KreyszigPublisher:Wiley, John & Sons, IncorporatedNumerical Methods for EngineersAdvanced MathISBN:9780073397924Author:Steven C. Chapra Dr., Raymond P. CanalePublisher:McGraw-Hill EducationIntroductory Mathematics for Engineering Applicat...Advanced MathISBN:9781118141809Author:Nathan KlingbeilPublisher:WILEY
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
Advanced Engineering Mathematics
Advanced Math
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:9780073397924
Author:Steven C. Chapra Dr., Raymond P. Canale
Publisher:McGraw-Hill Education
Introductory Mathematics for Engineering Applicat...
Advanced Math
ISBN:9781118141809
Author:Nathan Klingbeil
Publisher:WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,