Question: Question 2 A farmer sells cocoa for 1 . 4 8 dollars per kilogram. It costs the farmer 0 . 4 7 dollars to produce
Question
A farmer sells cocoa for dollars per kilogram. It costs the farmer dollars to produce one kilogram. The farmer has fixed costs of dollars.
a Find the total cost function where q is the number of kilograms of cocoa produced.
b Find the revenue function where q is the number of kilograms of cocoa sold.
c Find the profit function
d What is the marginal profit? Include units.
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