City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a tableshowing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue forthe months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during bothmonths, and the price of each beer was constant during each month. [Click on the table to open a PDF viewableversion in another tab.]OctoberBeerQuantityAverageTotalCostRevenue Quantity CostNovemberAverageTotalRevenueMagic Lager1,600$1.50$5,000 1,000 $1.10$7,000Orange Stout2,000$0.751-4 IPA1,000$1.25Eola Pilsner400$0.50$8,000$4,000$5,0002,500$0.50$5,000400$1.00$5,500600$0.40$6,000How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties ofbeer?O More information is needed; specifically, the selling price of each beer must be known.O $2,000$4,000O $10,000

Total revenue refers to the revenue from sales at different levels of output.Average cost refers to…

City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Cost Magic Lager 1,600 $1.50 Average Total Revenue $5,000 Quantity November Average Cost 1,000 $1.10 Total Revenue $7,000 Orange Stout 2,000 $0.75 $8,000 2,500 $0.50 $5,000 1-4 IPA 1,000 $1.25 $4,000 400 $1.00 $5,500 Eola Pilsner 400 $0.50 $5,000 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2.000 O $4,000 $10,000

City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Cost Magic Lager 1,600 $1.50 Average Total Revenue $5,000 Quantity November Average Cost 1,000 $1.10 Total Revenue $7,000 Orange Stout 2,000 $0.75 $8,000 2,500 $0.50 $5,000 1-4 IPA 1,000 $1.25 $4,000 400 $1.00 $5,500 Eola Pilsner 400 $0.50 $5,000 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2.000 O $4,000 $10,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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