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: $
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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