1.49 Let the demand function for a product be given by the function D(9) is the quantity of items in demand and D(q) is the price per item, in dollars, that can when q units are sold. Suppose fixed costs of production for this item are $4,000 and costs are $9 per item produced. If 68 items are produced and sold, find the following: A) The total revenue from selling 68 items (to the nearest penny). Answer: $ B) The total costs to produce 68 items (to the nearest penny). Answer: $

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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Let the demand function for a product be given by the function D(g) - 1.4q+ 270, where q
is the quantity of items in demand and D(q) is the price per item, in dollars, that can be charged
when q units are sold. Suppose fixed costs of production for this item are $4, 000 and variable
costs are $9 per item produced. If 68 items are produced and sold, find the following:
A) The total revenue from selling 68 items (to the nearest penny).
Answer: $
B) The total costs to produce 68 items (to the nearest penny).
Answer: $
C) The total profits to produce 68 items (to the nearest penny. Profits may or may not be
negative.).
Answer: $
Transcribed Image Text:= - Let the demand function for a product be given by the function D(g) - 1.4q+ 270, where q is the quantity of items in demand and D(q) is the price per item, in dollars, that can be charged when q units are sold. Suppose fixed costs of production for this item are $4, 000 and variable costs are $9 per item produced. If 68 items are produced and sold, find the following: A) The total revenue from selling 68 items (to the nearest penny). Answer: $ B) The total costs to produce 68 items (to the nearest penny). Answer: $ C) The total profits to produce 68 items (to the nearest penny. Profits may or may not be negative.). Answer: $
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