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Let the demand function for a product made in Tucson is given by the function D(q)=−1.55q+260D(q)=-1.55q+260, 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 $8per item produced. If 116 items are produced and sold, find the following: A) The total revenue from selling 116 items (to the nearest penny). Answer: $ B) The total costs to produce 116 items (to the nearest penny). Answer: $ C) The total profits to produce 116 items (to the nearest penny. Profits may or may not be negative.). Answer: $

Let the demand function for a product made in Tucson is given by the function D(q)=−1.55q+260D(q)=-1.55q+260, 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 $8per item produced. If 116 items are produced and sold, find the following: A) The total revenue from selling 116 items (to the nearest penny). Answer: $ B) The total costs to produce 116 items (to the nearest penny). Answer: $ C) The total profits to produce 116 items (to the nearest penny. Profits may or may not be negative.). Answer: $

College Algebra (MindTap Course List)
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 made in Tucson is given by the function D(q)=−1.55q+260D(q)=-1.55q+260, 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 $8per item produced. If 116 items are produced and sold, find the following:

A) The total revenue from selling 116 items (to the nearest penny).
Answer: $

B) The total costs to produce 116 items (to the nearest penny).
Answer: $

C) The total profits to produce 116 items (to the nearest penny. Profits may or may not be negative.).
Answer: $ 

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