|
Title: Let the demand function for a product be given by the function D ( q ) = − 1.15 q + 220 ... Post by: Catracho on Jul 18, 2019 Let the demand function for a product be given by the function
— 1.15q + 220, 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 17 items are produced and sold, find the following: A) The total revenue from selling 17 items (to the nearest penny) B) The total costs to produce 17 items (to the nearest penny). C) The total profits to produce 17 items (to the nearest penny. Profits may or may not be negative.). Title: Re: Let the demand function for a product be given by the function D ( q ) = − 1.15 q + 220 ... Post by: bio_man on Jul 18, 2019 Hi Catracho (https://biology-forums.com/index.php?action=profile;u=825455)
I edited your posts do that they included all the information found in the question. Please make sure all the information is included. It helps future students find us on Google :-) |