The cost of manufacturing three pianos on a given day using the cost function C ( x ) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $ 1000 and $ 1500 per piano respectively.
The cost of manufacturing three pianos on a given day using the cost function C ( x ) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $ 1000 and $ 1500 per piano respectively.
Solution Summary: The author explains how to calculate the cost of manufacturing three pianos on a given day.
To calculate: The cost of manufacturing three pianos on a given day using the cost function C(x) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $1000 and $1500 per piano respectively.
(b)
To determine
To calculate: The cost of manufacturing third pianos on that day using the cost function C(x) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $1000 and $1500 per piano respectively.
(c)
To determine
To calculate: The cost of manufacturing 11th piano on that day using the cost function C(x) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $1000 and $1500 per piano respectively.
(d)
To determine
To calculate: The variable cost, the fixed cost and the marginal cost using the cost function C(x) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $1000 and $1500 per piano respectively.
(e)
To determine
To graph: The sketch of the cost function C(x) of manufacturing x pianos in one day, where the fixed cost and a marginal cost of a piano manufacturer is $1000 and $1500 per piano respectively.