Bags/ variable average Participants fixed cost cost total cost variable cost cost marginal total revenue marginal total wt price $20 revenue profit 0 1700 0 1700 0 0 -1700 100 1700 500 2200 5 200 1700 1200 2900 6 57 2000 20 -200 4000 20 1100 300 1700 2700 4400 9 15 6000 20 1600 400 1700 5200 6900 13 25 8000 20 1100 500 1700 9000 10700 18 38 10000 20 -700 600 1700 15000 16700 25 60 12000 20 -4700 700 1700 23800 25500 34 88 14000 20 -11500 800 1700 36800 38500 46 130 16000 20 -22500 900 1700 55800 57500 62 190 18000 20 -39500 1000 1700 83000 84700 83 272 20000 20 -64700

Bags/ variable average Participants fixed cost cost total cost variable cost cost marginal total revenue marginal total wt price $20 revenue profit 0 1700 0 1700 0 0 -1700 100 1700 500 2200 5 200 1700 1200 2900 6 57 2000 20 -200 4000 20 1100 300 1700 2700 4400 9 15 6000 20 1600 400 1700 5200 6900 13 25 8000 20 1100 500 1700 9000 10700 18 38 10000 20 -700 600 1700 15000 16700 25 60 12000 20 -4700 700 1700 23800 25500 34 88 14000 20 -11500 800 1700 36800 38500 46 130 16000 20 -22500 900 1700 55800 57500 62 190 18000 20 -39500 1000 1700 83000 84700 83 272 20000 20 -64700

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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