I need help with this one, I have been doing P = TR - VC + FC but I seem to be c

Question

I need help with this one, I have been doing P = TR - VC + FC but I seem to be calculating the wrong numbers.

34 points Previous Answ The total revenue in dollars for selling q Framits is given by the function TR osa2+600g. The variable cost in dollars for selling g Framits is given by the function MC(g)-0.00000203-0.03a 400a Recall that total cost is given by TCta)-VCa)- FC, here FC is the fixed cost. (a) If you sell 1000 Framits, your profit is $103,000. What is the value of your fixed cost? 85000 x dollars (b) Give the largest interval on which the total revenue function is positive from a to q 2000 (c) Recall that average variable cost is given by Avca) What is the smallest value of average variable cost 87.5 dollars per Framit

Explanation / Answer

Find

TR(1000)=599,950

TC=372,000+FC

P=TR-TC

103,000=599,950-(372,000+FC)

103,000=227950-FC

So,

FC=227950-103000=124,950

Thus answer is 124,950

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---