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 Function
Fixed and Variable Costs
Formulas
C(x) = Fixed cost + (Marginal cost) * x
C(x) = 1300 + 1600x
Theorems
Linear Cost Theorem
Suitable Grade Level
Grades 9-12
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