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

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Suitable Grade Level

Grades 9-12