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\begin{document}

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\noindent
{\large\bf Name:} \underline{\hskip 3.0 truein}
\hfill
{\large \bf Math 1030 Quiz \#3} (July $16^{\mathrm{th}},$ 2015)

\begin{enumerate}
   \item After some research we found that our demand price function is $p_d(q) = -3q+125$ (dollars per item). In addition, our fixed costs are \$70 and our variable costs are \$7.15 per item.
   
   %\vspace{0.1in}
   
   \begin{enumerate}
      \item Revenue: $R(q) =$ \quad \underline{\hspace{2in}} \hfill Cost: $C(q) =$ \quad \underline{\hspace{2in}}
   
   \vspace{0.1in}

      \item Find both break even points. Round $q$ to 3 decimal places. $q=$ \quad \underline{\hspace{2in}}
      
   \vspace{0.1in}

      \item $MP(25)=$ \quad \underline{\hspace{2in}}
      
   \vspace{0.1in}

      \item Are we making a profit or losing money when we sell a total of $25$ items? \quad {\large Profit \quad / \quad Loss} 
      
   \end{enumerate}
 
    \item All we know is that $R(30)=\$50$ and $MR(30)=\$2$. Compute $R(q)$ at the following quantities. Circle ``Exact'' if the answer is exact or ``Approximate'' if the answer is an approximation using the marginal function.
    
  % \vspace{0.1in}

    \begin{enumerate}
   
    \item $R(29)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}

   \vspace{0.1in}

    \item $R(31)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}

   \vspace{0.1in}

    \item $R(33)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}
    
    \end{enumerate}
\end{enumerate}

\vfill 

\hrule

\vspace{0.5in}

\noindent
{\large\bf Name:} \underline{\hskip 3.0 truein}
\hfill
{\large \bf Math 1030 Quiz \#3} (July $16^{\mathrm{th}},$ 2015)

\begin{enumerate}
   \item After some research we found that our demand price function is $p_d(q) = -3q+125$ (dollars per item). In addition, our fixed costs are \$70 and our variable costs are \$7.15 per item.
   
   %\vspace{0.1in}
   
   \begin{enumerate}
      \item Revenue: $R(q) =$ \quad \underline{\hspace{2in}} \hfill Cost: $C(q) =$ \quad \underline{\hspace{2in}}
   
   \vspace{0.1in}

      \item Find both break even points. Round $q$ to 3 decimal places. $q=$ \quad \underline{\hspace{2in}}
      
   \vspace{0.1in}

      \item $MP(25)=$ \quad \underline{\hspace{2in}}
      
   \vspace{0.1in}

      \item Are we making a profit or losing money when we sell a total of $25$ items? \quad {\large Profit \quad / \quad Loss} 
      
   \end{enumerate}
 
    \item All we know is that $R(30)=\$50$ and $MR(30)=\$2$. Compute $R(q)$ at the following quantities. Circle ``Exact'' if the answer is exact or ``Approximate'' if the answer is an approximation using the marginal function.
    
  % \vspace{0.1in}

    \begin{enumerate}
   
    \item $R(29)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}

   \vspace{0.1in}

    \item $R(31)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}

   \vspace{0.1in}

    \item $R(33)=$ \quad \underline{\hspace{2in}} \qquad {\Large Exact \quad / \quad Approximate}
    
    \end{enumerate}
\end{enumerate}

\end{document}

