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A manufacturer of mountain bikes has the following marginal cost function: 600 C'(q) = @ = g7gr3 where g is the quantity of bicycles produced.
A manufacturer of mountain bikes has the following marginal cost function: 600 C'(q) = @ = g7gr3 where g is the quantity of bicycles produced. When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook. a) If the fixed cost in producing the bicycles is $3700, find the total cost to produce 25 bicycles. Answer: $ b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 25 bikes? Answer: $
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