(a) Fixed costs are $3 million; variable costs are $0.4 million per item. Write a

Chapter 0, Problem 33

(choose chapter or problem)

(a) Fixed costs are $3 million; variable costs are $0.4 million per item. Write a formula for total cost as a function of quantity, q. (b) The item in part (a) is sold for $0.5 million each. Write a formula for revenue as a function of q. (c) Write a formula for the profit function for this item

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