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1.2.3............. company finds that if they price their product at S 40, they can sell 38 items aflt. For every dollar increase in the price,

1.2.3.............

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company finds that if they price their product at S 40, they can sell 38 items aflt. For every dollar increase in the price, the number of items said will decrease by 2. at is the maximum revenue possible in this situation? [Do not use commas when entering the answer} 5 at price will guarantee the maximum revenue? 5 A company produces very unusual CD's for which the variable cost is $ 13 per CD and the fixed costs are $ 30000. They will sell the CD's for $ 94 each. Let r be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C = $ Preview Write the total revenue R as a function of the number of CD's produced. R = $ Preview Write the total profit P as a function of the number of CD's produced. P = $ Preview Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is PreviewLet the demand function for a product be given by the function D(q) = - 1.9q + 270, 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 $2 per item produced. If 26 items are produced and sold, find the following: A) The total revenue from selling 26 items (to the nearest penny). Answer: $ B) The total costs to produce 26 items (to the nearest penny). Answer: $ C) The total profits to produce 26 items (to the nearest penny. Profits may or may not be negative.). Answer: $

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