Question
The marginal cost function of producing q mountain bikes is C′(q)=6000/.3q+5. (a) If the fixed cost...
The marginal cost function of producing q mountain bikes is C′(q)=6000/.3q+5.
(a) If the fixed cost in producing the bicycles is
$2200, find the total cost to produce 30 bicycles.
Round your answer to two decimal places.
$ __________
(b) If the bikes are sold for $215 each, what is
the profit (or loss) on the first 30 bicycles?
Round your answer to two decimal places.
$ _________
profitloss
(c) Find the marginal profit on the
31st bicycle.
Round your answer to two decimal places.
$ ________
Homework Answers
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