Answer:
Explanation:
Part A
The price per item when q units are sold is given by the function:
[tex]D(q)=-1.3q+260[/tex]
When 30 units are sold:
[tex]\begin{gathered} \text{The price per item, }D(30)=-1.3(30)+260 \\ =-39+260 \\ =\$221 \end{gathered}[/tex]
Therefore, the total revenue from selling 30 items is:
[tex]R(q)=30\times221=\$6,630[/tex]
Part B
• Fixed Cost = $4000
,
• Variable Cost = $8 per Item
[tex]\begin{gathered} \text{ Total Cost for 30 items, }C(q)=4000+(8\times30) \\ C(30)=\$4,240 \end{gathered}[/tex]
Part C
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