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Let the demand function for a product be given by the function D(q) = -1.7q + 270, where g is the quantity of items in demand and D(g) 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 $4,000 and variable costs are $5 per item produced. If 33 items are produced and sold, find the following: A) The total revenue from selling 33 items (to the nearest penny). Answer: $ B) The total costs to produce 33 items (to the nearest penny). Answer: $ C) The total profits to produce 33 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit Question Đ

Let the demand function for a product be given by the function D(q) = -1.7q + 270, where g is the quantity of items in demand and D(g) 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 $4,000 and variable costs are $5 per item produced. If 33 items are produced and sold, find the following: A) The total revenue from selling 33 items (to the nearest penny). Answer: $ B) The total costs to produce 33 items (to the nearest penny). Answer: $ C) The total profits to produce 33 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit Question Đ

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Let the demand function for a product be given by the function D(g) = -1.7g+270, where a 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 $4,000 and variable costs are $5 per item produced. If 33 items are produced and sold, find the following: A) The total revenue from selling 33 items (to the nearest penny). Answer: $ B) The total costs to produce 33 items (to the nearest penny). Answer: $ C) The total profits to produce 33 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit Question ↓
Transcribed Image Text:Let the demand function for a product be given by the function D(g) = -1.7g+270, where a 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 $4,000 and variable costs are $5 per item produced. If 33 items are produced and sold, find the following: A) The total revenue from selling 33 items (to the nearest penny). Answer: $ B) The total costs to produce 33 items (to the nearest penny). Answer: $ C) The total profits to produce 33 items (to the nearest penny. Profits may or may not be negative.). Answer: $ Question Help: Video Submit Question ↓
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