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= Let the demand function for a product made in Dallas is given by the function D(q) = - 1.7q+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 $3, 000 and variable costs are $7 per item produced. If 50 items are produced and sold, find the following: A) The total revenue from selling 50 items (to the nearest penny). Answer: $ B) The total costs to produce 50 items (to the nearest penny). Answer: $ C) The total profits to produce 50 items (to the nearest penny. Profits may or may not be negative.). Answer: $

= Let the demand function for a product made in Dallas is given by the function D(q) = - 1.7q+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 $3, 000 and variable costs are $7 per item produced. If 50 items are produced and sold, find the following: A) The total revenue from selling 50 items (to the nearest penny). Answer: $ B) The total costs to produce 50 items (to the nearest penny). Answer: $ C) The total profits to produce 50 items (to the nearest penny. Profits may or may not be negative.). Answer: $

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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= Let the demand function for a product made in Dallas is given by the function D(q) = 1.7q + 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 $3, 000 and variable costs are $7 per item produced. If 50 items are produced and sold, find the following: A) The total revenue from selling 50 items (to the nearest penny). Answer: $ B) The total costs to produce 50 items (to the nearest penny). Answer: $ C) The total profits to produce 50 items (to the nearest penny. Profits may or may not be negative.). Answer: $
Transcribed Image Text:= Let the demand function for a product made in Dallas is given by the function D(q) = 1.7q + 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 $3, 000 and variable costs are $7 per item produced. If 50 items are produced and sold, find the following: A) The total revenue from selling 50 items (to the nearest penny). Answer: $ B) The total costs to produce 50 items (to the nearest penny). Answer: $ C) The total profits to produce 50 items (to the nearest penny. Profits may or may not be negative.). Answer: $
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