ou have estimated the cost function for producing q items will be C(q) = 29400 + 16q, and %3D expect to bring in $21 in revenue for each item sold.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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00
5
LL
%24
EI
You have estimated the cost function for producing q items will be C(q) = 29400 + 16q, and
expect to bring in $21 in revenue for each item sold.
a) Find the cost of producing 400 items.
b) How many items can be produced with a budget of $61,400?
c) How many items need to be produced to break even?
Upload your work here: Choose File No file chosen
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9 Type here to search
a.
直0
2)
dy
14
91
%23
alt
Transcribed Image Text:00 5 LL %24 EI You have estimated the cost function for producing q items will be C(q) = 29400 + 16q, and expect to bring in $21 in revenue for each item sold. a) Find the cost of producing 400 items. b) How many items can be produced with a budget of $61,400? c) How many items need to be produced to break even? Upload your work here: Choose File No file chosen Submit Question 9 Type here to search a. 直0 2) dy 14 91 %23 alt
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