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A company has cost and revenue functions, in dollars, given by C(q) = 3000 + 7q and R(q) = 10q. Based on these functions, which of the following is FALSE? Select one: The cost goes up by $7 for each unit produced. O The profit goes up $10 for every extra unit sold after breaking even. The profit function is r(q) = 3q – 3000. The fixed costs for the company are $3000. The break-even point is 1000 units.

A company has cost and revenue functions, in dollars, given by C(q) = 3000 + 7q and R(q) = 10q. Based on these functions, which of the following is FALSE? Select one: The cost goes up by $7 for each unit produced. O The profit goes up $10 for every extra unit sold after breaking even. The profit function is r(q) = 3q – 3000. The fixed costs for the company are $3000. The break-even point is 1000 units.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company has cost and revenue functions, in dollars, = 10q. Based given by C(q) = 3000 + 7q and R(q) on these functions, which of the following is FALSE? %3D Select one: The cost goes up by $7 for each unit produced. O The profit goes up $10 for every extra unit sold after breaking even. OThe profit function is r(q) = 3q – 3000. The fixed costs for the company are $3000. O The break-even point is 1000 units.
Transcribed Image Text:A company has cost and revenue functions, in dollars, = 10q. Based given by C(q) = 3000 + 7q and R(q) on these functions, which of the following is FALSE? %3D Select one: The cost goes up by $7 for each unit produced. O The profit goes up $10 for every extra unit sold after breaking even. OThe profit function is r(q) = 3q – 3000. The fixed costs for the company are $3000. O The break-even point is 1000 units.
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