A manufacturer of mountain bikes has the following marginal cost function: C′(q)=700/0.5q+2 where qq is the quantity of bicycles produced. When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook. a) If the fixed cost in producing the bicycles is $3200, find the total cost to produce 35 bicycles. Answer: $   b) If the bikes are sold for $250 each, what is the profit (or loss) on the first 35 bikes? Answer: $ c) What is the marginal profit on bike number 36? Answer: $

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