Let the demand function for a product be given by the function Dla) = 1.554 + 280, 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 $4,000 and variable costs are $8 per item produced. If 59 items are produced and sold, find the following: A) The total revenue from selling 59 items (to the nearest penny). Answer: 5 B) The total costs to produce 59 items (to the nearest penny). Answer: 5 C) The total profits to produce 59 items (to the nearest penny. Profits may or may not be negative.). Answer: 5 - Question 20. Points possible: 1 A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $10 the average attendance has been 22000. When the price dropped to 56, the average attendance rose to 27000. Find a demand function D(9), where q is the quantityumber of the spectators. (Assume D() is linear) D(q) = Preview