Question: Question 19 Let the demand function for a product be given by the function D(q) - -1.25q + 260, where q is the quantity of


Question 19 Let the demand function for a product be given by the function D(q) - -1.25q + 260, 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 $5, 000 and variable costs are $10 per item produced. If 144 items are produced and sold, find the following: A) The total revenue from selling 144 items (to the nearest penny). Answer: S B) The total costs to produce 144 items (to the nearest penny). Answer: $ C) The total profits to produce 144 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
