Total cost is C = 8500 + 4.65q and total revenue is R = 5.15q, both in

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Total cost is C = 8500 + 4.65q and total revenue is R = 5.15q, both in dollars, where q represents the quantity produced.
(a) What is the fixed cost?
(b) What is the marginal cost per item?
(c) What is the price at which this item is sold?
(d) For what production levels does this company make a profit?
(e) How much does the company make for each additional unit sold?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 11, 2023 12:22 AM

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Total cost is C = 8500 + 4.65q and total revenue is R = 5.15q, both in

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a The fixed cost is 8500 b The marginal cost per item is 465 c The price per item is 51...View the full answer

Applied Calculus

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