Total cost is C = 8700 + 4.65q and total revenue is R = 5.15q, both in dollars, where q represents the quantity produced. (a) What is fixed cost? The fixed cost is $ (b) What is the marginal cost per item? The marginal cost is $ (c) What is the price at which this item is sold? The selling price is $
Total cost is C = 8700 + 4.65q and total revenue is R = 5.15q, both in dollars, where q represents the quantity produced. (a) What is fixed cost? The fixed cost is $ (b) What is the marginal cost per item? The marginal cost is $ (c) What is the price at which this item is sold? The selling price is $
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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Transcribed Image Text:Total cost is C = 8700 + 4.65q and total revenue is R = 5.15q, both in
dollars, where q represents the quantity produced.
(a) What is fixed cost?
The fixed cost is $
(b) What is the marginal cost per item?
The marginal cost is $
(c) What is the price at which this item is sold?
The selling price is $
(d) For what production levels does this company make a profit?
The company makes a profit when production is Choose one ▼
units.
How much does the company make for each additional unit sold?
The company makes $
for each additional unit sold.
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