Math Problem Statement

A piano manufacturer has a daily fixed cost of $1,600 and a marginal cost of $1,800 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

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Functions
Cost Functions
Marginal Cost

Formulas

C(x) = Fixed Cost + Marginal Cost × x
C(x) = 1600 + 1800x

Theorems

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Suitable Grade Level

Grades 9-12