10. How much should Frostee's Doggie Donuts charge to maximize its revenue?11. What is the maximum revenue for the price you listed for Question 10?12. How much should Frostee's Doggie Donuts charge to maximize its profit? Marginal Cost(first rowformula):=sum (19-18)/(C9-C8)Marginal Revenue(first rowformula):=D8)/(C9-C8)Price (takenQuantityfrom page (taken from2)TotalTotal FixedCost ofTotalStaff CostTotal CostProfitRevenueCostGoods Sold Variable Cost:=sum (D9page 2)$6,400 $6,700.00$9,000 $6,700.00$11,200 $6,700.00$13,000 $6,700.00$14,400 $6,700.00$15,400 $6,700.00$16,000 $6,700.00$16,200 $6,700.00$16,000 $6,700.00$15,400 $6,700.00$14,400 $6,700.00$13,000 $6,700.00$1,200$1,800$2,400$3,000$3,600$4,200$4,800$5,400$6,000$6,600$7,200$7,800$2,000$3,000$4,000$5,000$6,000$7,000$8,000$9,000$10,000$11,000$16.00$15.00$800$1,200$8,700$9,700$10,700$11,700$12,700$13,700$14,700$15,700$16,700$17,700$18,700400-$2,300600-$700$5.00$13.00$500$11.00$9.00$7.00$14.00$5.00$1,600$2,000$2,400$2,800$3,200$3,600$4,000800$13.00$5.00$1,300$1,700$1,700$1,3001000$12.001200$5.00$11.001400$5.00$5.00$10.00$9.00$8.00$7.00$6.001600$5.00$3.001800$500$5.00$1.00-$700-$2,300-$4,3002000$5.00-$1.00$4,400$4,800$5,2002200$5.00-$3.00$5.00-$5.00$12,000$13,0002400$5.002600$19,700-$6,700$5.00-$7.00

Price times quantity gives the total revenue of a firm.

10. How much should Frostee's Doggie Donuts charge to maximize its revenue? 11. What is the maximum revenue for the price you listed for Question 10? 12. How much should Frostee's Doggie Donuts charge to maximize its profit?

10. How much should Frostee's Doggie Donuts charge to maximize its revenue? 11. What is the maximum revenue for the price you listed for Question 10? 12. How much should Frostee's Doggie Donuts charge to maximize its profit?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

10. How much should Frostee's Doggie Donuts charge to maximize its revenue?

11. What is the maximum revenue for the price you listed for Question 10?

12. How much should Frostee's Doggie Donuts charge to maximize its profit?

Marginal Cost
(first row
formula):
=sum (19-18)/(C9-
C8)
Marginal Revenue
(first row
formula):=
D8)/(C9-C8)
Price (taken
Quantity
from page (taken from
2)
Total
Total Fixed
Cost of
Total
Staff Cost
Total Cost
Profit
Revenue
Cost
Goods Sold Variable Cost
:=sum (D9
page 2)
$6,400 $6,700.00
$9,000 $6,700.00
$11,200 $6,700.00
$13,000 $6,700.00
$14,400 $6,700.00
$15,400 $6,700.00
$16,000 $6,700.00
$16,200 $6,700.00
$16,000 $6,700.00
$15,400 $6,700.00
$14,400 $6,700.00
$13,000 $6,700.00
$1,200
$1,800
$2,400
$3,000
$3,600
$4,200
$4,800
$5,400
$6,000
$6,600
$7,200
$7,800
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$16.00
$15.00
$800
$1,200
$8,700
$9,700
$10,700
$11,700
$12,700
$13,700
$14,700
$15,700
$16,700
$17,700
$18,700
400
-$2,300
600
-$700
$5.00
$13.00
$500
$11.00
$9.00
$7.00
$14.00
$5.00
$1,600
$2,000
$2,400
$2,800
$3,200
$3,600
$4,000
800
$13.00
$5.00
$1,300
$1,700
$1,700
$1,300
1000
$12.00
1200
$5.00
$11.00
1400
$5.00
$5.00
$10.00
$9.00
$8.00
$7.00
$6.00
1600
$5.00
$3.00
1800
$500
$5.00
$1.00
-$700
-$2,300
-$4,300
2000
$5.00
-$1.00
$4,400
$4,800
$5,200
2200
$5.00
-$3.00
$5.00
-$5.00
$12,000
$13,000
2400
$5.00
2600
$19,700
-$6,700
$5.00
-$7.00

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