Question: 5. Let the demand function for a product be given by the function D(q)=1.9q+200D(q)=-1.9q+200, where q is the quantity of items in demand and D(q)
5.
Let the demand function for a product be given by the function D(q)=1.9q+200D(q)=-1.9q+200, where q is the quantity of items in demand and D(q) is the price per item, in dollars, that can be charged when q units are sold. Suppose fixed costs of production for this item are $2,000 and variable costs are $5 per item produced. If 52 items are produced and sold, find the following:
A) The total revenue from selling52items (to the nearest penny). Answer: $ B) The total costs to produce52items (to the nearest penny). Answer: $ C) The total profits to produce52items (to the nearest penny. Profits may or may not be negative.). Answer: $
6.
Find the area of a triangle bounded by theyaxis, the linef(x)=93/4x, and the line perpendicular tof(x) that passes through the origin. Area =
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
