The marginal cost function of producing q mountain bikes is (a) If the fixed cost in producing

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The marginal cost function of producing q mountain bikes is

(a) If the fixed cost in producing the bicycles is $2000, find the total cost to produce 30 bicycles.
(b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bicycles?
(c) Find the marginal profit on the 31st bicycle.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Mar 31, 2023 02:46 AM

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The marginal cost function of producing q mountain bikes is (a) If the fixed cost in producing

Question:

c'(q) = 600 0.3q + 5*

Step by Step Answer:

a The total cost of producing 30 bicycles is the fixed cost plus the variable cost of producing 3...View the full answer

Applied Calculus

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