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# Let the demand function for a product be given by the function D ( q ) = − 1.15 q + 220 ...

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A month ago Edited: A month ago, bio_man
 Let the demand function for a product be given by the function D ( q ) = − 1.15 q + 220 ... 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.). Attached file Thumbnail(s): You must login or register to gain access to this attachment. Read 47 times 1 Reply
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A month ago
 Hi CatrachoI 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 :-) Attached file Thumbnail(s): You must login or register to gain access to this attachment.
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