A company has a linear total cost function and has determined that over the next three months it can produce 13,000 units at a total cost of $226,000. This same manufacturer
can produce 16,000 units at a total cost of $296,000. The sales price per unit is $31.25.
i. Find the revenue, cost, and profit functions using q for number of units.
ii. Find the marginal cost, average cost and fixed cost.
iii. Find break-even quantity.