A Piano Manufacture Has a Daily Fixed Cost of $1,300

question 96

Multiple Choice

A piano manufacture has a daily fixed cost of $1,300 and a marginal cost of $1,600 per piano. On a given day, what is the cost of manufacturing 3 pianos ?

• A) $3,500
• B) $8,700
• C) $6,100
• D) $5,500

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Definitions:

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An individual or mechanism that ensures adherence to roles, rules, or norms within a particular context or system.

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