1). Complete the table. For the Percent contribution margin use (P-MC)/P. (FOR MR, MC, AVC, MR-MC & PERCENT CONTRIBUTION MARGIN, ROUND TO 2 DECIMAL PLACES. FOR TOTAL REVENUE, TOTAL COST AND PROFIT ROUND TO NEAREST WHOLE DOLLAR) Average Quantity Total Marginal Fixed Variable Total Price Demanded Revenue Revenue Cost Cost Cost Cost Variable Marginal Cost Percent Contribution MR - MC Profit Margin 18 600 500 5210 17 700 500 5640 16 800 500 6135 15 900 500 6700 232 14 1000 500 7335 13 1100 500 8060 12 1200 500 8900

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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1). Complete the table. For the Percent contribution margin use (P-MC)/P. (FOR MR, MC,
AVC, MR-MC & PERCENT CONTRIBUTION MARGIN, ROUND TO 2 DECIMAL
PLACES. FOR TOTAL REVENUE, TOTAL COST AND PROFIT ROUND TO
NEAREST WHOLE DOLLAR)
Average
Quantity
Total
Marginal Fixed
Variable Total
Price
Demanded
Revenue Revenue Cost
Cost
Cost
Cost
Variable Marginal
Cost
Percent
Contribution
MR - MC
Profit
Margin
18
600
500
5210
17
700
500
5640
16
800
500
6135
15
900
500
6700
232
14
1000
500
7335
13
1100
500
8060
12
1200
500
8900
Transcribed Image Text:1). Complete the table. For the Percent contribution margin use (P-MC)/P. (FOR MR, MC, AVC, MR-MC & PERCENT CONTRIBUTION MARGIN, ROUND TO 2 DECIMAL PLACES. FOR TOTAL REVENUE, TOTAL COST AND PROFIT ROUND TO NEAREST WHOLE DOLLAR) Average Quantity Total Marginal Fixed Variable Total Price Demanded Revenue Revenue Cost Cost Cost Cost Variable Marginal Cost Percent Contribution MR - MC Profit Margin 18 600 500 5210 17 700 500 5640 16 800 500 6135 15 900 500 6700 232 14 1000 500 7335 13 1100 500 8060 12 1200 500 8900
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