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A company is producing fidget spinners and has fixed costs of$1,500.00 $1,500.00and the variable costs are$2.00 $2.00per spinner. The company sells the spinners for$8.99 $8.99each.
A company is producing fidget spinners and has fixed costs of$1,500.00
$1,500.00and the variable costs are$2.00
$2.00per spinner. The company sells the spinners for$8.99
$8.99each.
a. Find a formula for the cost function()
C(q)whereqis the quantity of spinners.
b. Find a formula for the revenue functin().
c. Find a formula for the profit function()
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