Let the demand function for a product be given by the function D(q)=−1.15q+200D(q)=-1.15q+200, where qq is the quantity of items in demand and D(q)D(q) is the price per item, in dollars, that can be charged when qq units are sold. Suppose fixed costs of production for this item are $3,000$3,000 and variable costs are $2$2 per item produced. If 4141 items are produced and sold, find the following: A) The total revenue from selling 4141 items (to the nearest penny). Answer: $ B) The total costs to produce 4141 items (to the nearest penny). Answer: $ C) The total profits to produce 4141 items (to the nearest penny. Profits may or may not be negative.). Answer: $

Let the demand function for a product be given by the function D(q)=−1.15q+200D(q)=-1.15q+200, where qq is the quantity of items in demand and D(q)D(q) is the price per item, in dollars, that can be charged when qq units are sold. Suppose fixed costs of production for this item are $3,000$3,000 and variable costs are $2$2 per item produced. If 4141 items are produced and sold, find the following: A) The total revenue from selling 4141 items (to the nearest penny). Answer: $ B) The total costs to produce 4141 items (to the nearest penny). Answer: $ C) The total profits to produce 4141 items (to the nearest penny. Profits may or may not be negative.). 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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