13. What is the maximum profit for the price(s)you listed for Question 12? (Question 12: How much should Frostee's Doggie Donuts charge to maximize its profit?)Answer to Questions 14 and 15 based on the Cost of Goods Sold increases from $3 to $4 due to higher ingredient costs.14. How much should Frostee's Doggie Donuts charge to maximize its profit based on the above change?15. What is the maximum profit for the price(s)you listed for Question 14? 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

The profit maximizing firm produces and sell output at the point where the marginal revenue is equal…

Answered: 3. What is the maximum profit for the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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13. What is the maximum profit for the price(s)you listed for Question 12? (Question 12: How much should Frostee's Doggie Donuts charge to maximize its profit?)

Answer to Questions 14 and 15 based on the Cost of Goods Sold increases from $3 to $4 due to higher ingredient costs.

14. How much should Frostee's Doggie Donuts charge to maximize its profit based on the above change?

15. What is the maximum profit for the price(s)you listed for Question 14?

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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