Question: Let the demand function for a product be given by the function D(q) - -1.4q + 280, where q is the quantity of items in


Let the demand function for a product be given by the function D(q) - -1.4q + 280, where q is the quantity of items in demand and (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 $5, 000 and variable costs are $2 per item produced. If 188 items are produced and sold, find the following: A) The total revenue from selling 188 items (to the nearest penny). Answer: S B) The total costs to produce 188 items (to the nearest penny). Answer: S C) The total profits to produce 188 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit
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