Question: Total cost is C = 8 7 0 0 + 4 . 6 5 q and total revenue is R = 5 . 4 0
Total cost is and total revenue is both in dollars, where represents the quantity produced.
a What is fixed cost?
The fixed cost is $
b What is the marginal cost per item?
The marginal cost is $
c What is the price at which this item is sold?
The selling price is $
d For what production levels does this company make a profit?
The company makes a profit when production is units.
e How much does the company make for each additional unit sold?
The company makes $ for each additional unit sold.
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