Question 3. A company manufactures calculators. Fixed costs are $500 and the cost of producing each calculator is $15. Selling price per calculator is $24. Determine a) The fixed cost of manufacturing calculators FC = b) The variable cost of manufacturing calculators (suppose q is the number of calculators produced) VC = c) The equation corresponding to the Total cost of manufacturing calculators TC = d) The Total cost of cabinets if 250 calculators are produced. e) The Total Revenue for q calculators sold. f) The Total Revenue from selling 30 calculators.

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