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A piano manufacturer has a daily fixed cost of $1,800and a marginal cost of $2,300per piano. Find the cost C ( x ) of manufacturing
A piano manufacturer has a daily fixed cost of $1,800and a marginal cost of $2,300per piano. Find the costC(x)
of manufacturingxpianos 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?
Graph C as a function x Hint ( See Example 1.)
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