As Sales Manager for Montevideo Productions, Inc., you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,600. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 24 contracts. This is down 3contracts from the figure last year, when your company charged only $2,300.
q(p) = 

R(p) = 

Fixed costs:  $140,000 per month 
Variable costs:  $70,000 per contract 
C(q) = 

C(p) = 

P(p) = 

Assume that p is the price and q is the number of contracts.
Then, write the given information in the coordinate form such that (p, q).
a)given (p, q) = (2600, 24) and (2300, 27)
b)On average, Montevideo bills for 50 hours of production time on each contract. Then
c)The costs to Montevideo Productions are estimated as follows:
Fixed costs = $140,000 per month
Variable costs = $70,000 per contract
Express Montevideo Productions' monthly cost as a function of the number q of contracts.
C(q) = Fixed cost...
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