Question: Total cost is C = 8500 + 4.65q and total revenue is R = 5.15q, both in dollars, where q represents the quantity produced. (a)

Total cost is C = 8500 + 4.65q and total revenue is R = 5.15q, both in dollars, where q represents the quantity produced.
(a) What is the fixed cost?
(b) What is the marginal cost per item?
(c) What is the price at which this item is sold?
(d) For what production levels does this company make a profit?
(e) How much does the company make for each additional unit sold?

Step by Step Solution

★★★★★

3.46 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The fixed cost is 8500 b The marginal cost per item is 465 c The price per item is 51... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Applied Calculus Questions!

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Discuss the relationship between disaster and stress including the difference between individual and collective stress, and why is it important? Discuss Stallings theses; analyze and discuss how...

need help with the following as much as possible, also if anything missing please let me know . . . X 2.5 $ (thousands) C(q) 2000 2. The function C(q) gives the cost in dollars to produce q barrels...

1) For time t 2 0, the function C = ate- with positive constants a and b gives the concentration, C, of a drug in the body. The figure below shows the maximum concentration reached (in nanograms per...

You will investigate profits using systems of equations. Part I: Complete the following steps: Read Example 10 shown below Use the GeoGebra tool in Canvas to graph the cost and revenue functions...

Question 2 Not yet answered Marked out of 1.00 Flag question Expenses that are paid with money are called: Select one: O a. opportunity costs. O b. explicit costs. O c. deadweight loss. d. implicit...

6. (12 pts) Suppose a toy manufacturer has the total cost function C(x) = 92r + 2800 and total revenue function R (x) = 126x, where x represents the number of toys produced and sold. a. What is...

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Hello my Dear please help me too with graph it will be better if you draw it as well that going to help to not miss anything . thank you Fill in the price and the total, marginal, and average revenue...

A current of 200 A exists in a square loop of edge 100 cm. Find the magnetic field B at the centre of the square loop.

Adam Wilson just purchased a home and took out a $250,000 mortgage for 30 years at 8%, compounded monthly. a. How much is Adams monthly mortgage payment? b. How much sooner would Adam pay off his...

AQL = 1.5 percent, a = 5 percent, and c =

A.7 Apply strategies to increase work efficiency.?

Determine the sums of the following infinite series: 00 (1)k 3k +1 sk k=0

Find the Taylor series expansion at x = 0 of the given antiderivative. 1 1+x3 zdx

Determine the sums of the following infinite series: 00 7 k=0 10k

You purchase 340 shares of stock at $39.80 per share. Several months later you sell the shares at $36.10. Your broker charges 3% commission on round lots and 4% on odd lots. Calculate the gain or...

Jasper Company has sales on account and for cash. Specifically, 58% of its sales are on account and 42% are for cash. Credit sales are collected in full in the month following the sale. The company...

Blanca Products makes cedar garden benches in three sizes: small, medium, and large. Blanca sells the benches to local retailers. The benches can be sold with or without assembly. The following...