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A company has cost function C(q) = 4000+2q dollars and revenue function R(q) = 10q

Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Problem 18 Chapter 1.4

Applied Calculus | 5th Edition

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Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Applied Calculus | 5th Edition

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Problem 18

A company has cost function C(q) = 4000+2q dollars and revenue function R(q) = 10q dollars. (a) What are the fixed costs for the company? (b) What is the marginal cost? (c) What price is the company charging for its product? (d) Graph C(q) and R(q) on the same axes and label the break-even point, q0. Explain how you know the company makes a profit if the quantity produced is greater than q0. (e) Find the break-even point q0. 1

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Chapter 1.4, Problem 18 is Solved
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Textbook: Applied Calculus
Edition: 5
Author: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more
ISBN: 9781118174920

Since the solution to 18 from 1.4 chapter was answered, more than 218 students have viewed the full step-by-step answer. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. The answer to “A company has cost function C(q) = 4000+2q dollars and revenue function R(q) = 10q dollars. (a) What are the fixed costs for the company? (b) What is the marginal cost? (c) What price is the company charging for its product? (d) Graph C(q) and R(q) on the same axes and label the break-even point, q0. Explain how you know the company makes a profit if the quantity produced is greater than q0. (e) Find the break-even point q0. 1” is broken down into a number of easy to follow steps, and 80 words. This full solution covers the following key subjects: . This expansive textbook survival guide covers 72 chapters, and 2635 solutions. The full step-by-step solution to problem: 18 from chapter: 1.4 was answered by Patricia, our top Calculus solution expert on 01/22/18, 03:47PM. Applied Calculus was written by Patricia and is associated to the ISBN: 9781118174920.

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