Myrtle Beach, South Carolina, is lined with virtually identical motels. Summertime rates run about $250 a night. During the winter, rooms rent for as little as $70 a night. Assume the average fixed cost of a room per night, including insurance, taxes, and depreciation, is $30. The average guest-related cost (average variable cost) for a room each night, including cleaning service and linens, is $65. The average total cost, which is the sum of the average fixed cost ($30) and the average variable cost ($65), is $95. During the winter, these hotels should shut down until summer because they cannot cover all of their fixed costs.

TC = 200 + 60Q + 2Q² What is the average variable cost when 4 units are produced? Enter as a value. 248

Total Fixed Cost (TFC), Total Variable Cost (TVC), Total Cost (TC), and the Average Total Cost (ATC) per unit. A company produces 100 bicycles per month. The company pay 3,000 per rent, 2,000 per insurance, 1,000 per loan, including interests, 3,000 per labor, and 11,000 per raw materials. Calculate the Total Fixed Cost (TFC), the Total Variable Cost (TVC) the Total Cost (TC) of producing the 100 bicycles and the Average Total Cost (ATC) per bicycle.

Assume that the linear cost and revenue models apply. An item costs $6 to make. If fixed costs are $2400 and profits are $2100 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.) R(x) =