Math Problem Statement
A piano manufacturer has a daily fixed cost of $1,300 and a marginal cost of $1,600 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
(e)
Graph C as a function of x. (Select Update Graph to see your response plotted on the screen. Select the Submit button to grade your response.)
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Cost Functions
Marginal Cost
Fixed Costs
Formulas
C(x) = Fixed Cost + Marginal Cost * x
C(3) = 1300 + 1600 * 3 = 6100
C(3) - C(2) = 1600
C(11) - C(10) = 1600
Theorems
-
Suitable Grade Level
Grades 9-12
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