A company has cost function C(q) 4000 2q dollars and revenue function R(q) 10q dollars (a) What are the fixed costs for the company (b) What is the marginal cost (c) What price is the company charging for its product (d) Graph C(q) and R(q) on the same axes and label the break even point, q 0 Explain how you know the company makes a profit if the quantity produced is greater than q 0 (e) Find the break even point q 0

Question: A company has cost function C(q) = 4000 + 2q dollars and revenue function R(q) = 10q dollars. (a) What are the fixed costs for

A company has cost function C(q) = 4000 + 2q dollars and revenue function R(q) = 10q dollars.

(a) What are the fixed costs for the company?

(b) What is the marginal cost?

(d) Graph C(q) and R(q) on the same axes and label the break-even point, q₀. Explain how you know the company makes a profit if the quantity produced is greater than q₀.

(e) Find the break-even point q₀.

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