Question: 8. Total cost is C = 8900 + 4.05 q and total revenue is R = 5.30 q , both in dollars, where q represents

8.

Total cost isC= 8900 + 4.05qand total revenue isR= 5.30q, both in dollars, whereqrepresents 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?

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