(Solved):   4) Suppose the Black Hawk Pizzeria produces and sells hawk-shaped pizzas. Suppose the reve ...

 

4) Suppose the Black Hawk Pizzeria produces and sells hawk-shaped pizzas. Suppose the revenue and cost functions (in dollars) are R(q) = 0.25q2 + 51q and C (q) = 7q + 639, where q is the number of hawk-shaped pizzas produced and sold in one week. (18 points) a) Calculate the marginal profit when q = 50. Interpret the result. (What does the result mean in the context of the problem?) b) Calculate the marginal average cost when q = 50. Interpret the result.