Final answer:
Total revenues can be calculated by multiplying the quantity of sneakers produced with the price per unit. If the total revenue is less than the total cost, the company is experiencing losses or negative profits.
Step-by-step explanation:
In this example, the sneaker manufacturing company is producing q pairs of sneakers. The cost of production is given by C(q) and the revenue generated is given by R(q). Total revenues can be calculated by multiplying the quantity of sneakers produced with the price per unit. Total costs include all the expenses involved in producing the sneakers. If the total revenue is less than the total cost, the company is experiencing losses or negative profits.