6. No. of COWS (Head) 0 25 50 75 100 125 150 175 200 225 250 275 If the price of beef was $98.00 what is the optimum number of cows and the profit or loss at that number and price? Total Output (cwt. of Variable Cost 0 beef) 0 104 220 322 413 494 568 629 676 710 730 737 4,500 9,000 Total Fixed Cost 20,000 20,000 Total Average Average Average Marginal Marginal Total Total Profit Cost Revenue Variable Fixed Total Cost Revenue Costs Cost Costs XXX 20,000 XXX XXX 192.31 235.58 24,500 43.27 40.91 33,500 41.93 90.91 62.11 48.43 40.49 35.21 31.80 29.59 28.17 27.40 27.14 20,000 29,000 13,500 20,000 18,000 20,000 38,000 22,500 20,000 42,500 27,000 20,000 47,000 31,500 20,000 51,500 36,000 20,000 56,000 53.25 57.04 40,500 20,000 60,500 45,000 20,000 65,000 49,500 20,000 69,500 61.64 67.16 43.58 45.55 47.54 50.08 131.82 38.79 104.04 44.12 92.01 49.45 55.56 60.81 73.77 95.74 86.03 82.75 81.88 82.84 85.21 89.04 94.30 Ans. XXX 43.27 Ans. ... 132.35 225.00 642.86 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 Cows 0 -20,000 10192 -14,308 21560 -7,440 31556 -1,944 40474 2,474 48412 5,912 55664 8,664 61642 10,142 66248 10,248 69580 9,080 71540 6,540 72226 2,726 Profit or loss

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6.
No. of
COWS
(Head)
0
25
50
75
100
125
150
175
200
225
250
275
If the price of beef was $98.00 what is the optimum number of cows and the profit or loss at that
number and price?
Output
(cwt. of
beef)
0
104
220
322
413
494
568
629
676
710
730
737
Total
Total Average Average Average Marginal Marginal Total Total Profit
Cost Variable Fixed
Revenue Revenue
Fixed
Total
Cost
Cost
Costs
Costs
Cost
20,000
20,000
XXX
XXX
XXX
20,000 24,500 43.27
192.31
235.58
90.91
131.82
20,000 29,000 40.91
20,000 33,500 41.93
62.11
104.04
20,000 38,000
43.58
48.43
92.01
45.55
40.49
86.03
20,000 42,500
47,000
27,000 20,000
47.54
35.21
82.75
20,000 51,500
50.08
31.80
81.88
31,500
36,000 20,000 56,000
53.25
29.59
82.84
57.04
28.17
85.21
40,500 20,000 60,500
45,000 20,000 65,000
61.64
27.40
89.04
49,500
20,000
69,500
67.16
27.14
94.30
Total
Variable
Cost
0
4,500
9,000
13,500
18,000
22,500
Ans.
Ans.
XXX
43.27
38.79
44.12
49.45
55.56
60.81
73.77
95.74
132.35
225.00
642.86
98.00
98.00
98.00
98.00
98.00
98.00
98.00
98.00
98.00
98.00
98.00
98.00
Cows
0
10192
21560
31556
40474
48412
55664
61642
66248
69580
71540
72226
Profit or loss
-20,000
-14,308
-7,440
-1,944
2,474
5,912
8,664
10,142
10,248
9,080
6,540
2,726
Transcribed Image Text:6. No. of COWS (Head) 0 25 50 75 100 125 150 175 200 225 250 275 If the price of beef was $98.00 what is the optimum number of cows and the profit or loss at that number and price? Output (cwt. of beef) 0 104 220 322 413 494 568 629 676 710 730 737 Total Total Average Average Average Marginal Marginal Total Total Profit Cost Variable Fixed Revenue Revenue Fixed Total Cost Cost Costs Costs Cost 20,000 20,000 XXX XXX XXX 20,000 24,500 43.27 192.31 235.58 90.91 131.82 20,000 29,000 40.91 20,000 33,500 41.93 62.11 104.04 20,000 38,000 43.58 48.43 92.01 45.55 40.49 86.03 20,000 42,500 47,000 27,000 20,000 47.54 35.21 82.75 20,000 51,500 50.08 31.80 81.88 31,500 36,000 20,000 56,000 53.25 29.59 82.84 57.04 28.17 85.21 40,500 20,000 60,500 45,000 20,000 65,000 61.64 27.40 89.04 49,500 20,000 69,500 67.16 27.14 94.30 Total Variable Cost 0 4,500 9,000 13,500 18,000 22,500 Ans. Ans. XXX 43.27 38.79 44.12 49.45 55.56 60.81 73.77 95.74 132.35 225.00 642.86 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 98.00 Cows 0 10192 21560 31556 40474 48412 55664 61642 66248 69580 71540 72226 Profit or loss -20,000 -14,308 -7,440 -1,944 2,474 5,912 8,664 10,142 10,248 9,080 6,540 2,726
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