The marginal cost function of producing q mountain bikes is C(q) = 600 0.3q + 5 . (a) If
Chapter 5, Problem 10(choose chapter or problem)
The marginal cost function of producing q mountain bikes is C(q) = 600 0.3q + 5 . (a) If the fixed cost in producing the bicycles is $2000, find the total cost to produce 30 bicycles. (b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bicycles? (c) Find the marginal profit on the 31st bicycle.
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