Homework Help is Here – Start Your Trial Now!
Business
Economics
Quantity Fixed Costs Variable Costs 2,900 30.40 2,900 57.37 2,900 84.33 2,900 111.28 2,900 138.23 165.18 192.12 219.07 246.04 273.01 300.00 327.01 354.04 381.11 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 408.20 435.33 462.49 489.70 516.95 544.25 571.60 599.01 626.48 654.01 681.61 Total Costs Revenue 2,930 2,957 2,984 3,011 3,038 3,065 3,092 3,119 3,146 3,173 3,200 3,227 3,254 3,281 3,308 3,335 3,362 3,390 3,417 3,444 3,472 3,499 3,526 3,554 3,582 2,880 2,912 2,944 2,976 3,008 3,040 3,072 3,104 3,136 3,168 3,200 3,232 3,264 3,296 3,328 3,360 3,392 3,424 3,456 3,488 3,520 3,552 3,584 3,616 3,648 Profit 5 10 15 (50) (45) 32.49857143 (40) 32.43836957 (35) 32.37935484 (30) 32.32159574 (25) 32.26505263 (20) 32.20958333 (15) 32.15536082 32.10244898 32.05060606 (10) (5) 20 25 AC 30 34 39 44 48 53 58 62 66 32.56 #VALUE! 32 MR 31.95059406 31.90235294 31.85543689 31.80961538 31.76504762 31.72160377 31.67943925 31.63842593 31.59862385 31.56 31.52261261 31.48642857 31.45141593 31.41763158 MC 32.56 31.65 32.49857143 31.65 32.43836957 31.66 32.37935484 31.66 32.32159574 31.66 32.26505263 31.67 32.20958333 31.67 32.15536082 31.67 32.10244898 31.68 32.05060606 31.68 31.68 31.95059406 31.69 31.90235294 31.69 31.85543689 31.69 31.80961538 31.70 31.76504762 31.70 31.72160377 31.70 31.67943925 31.70 31.63842593 31.71 31.59862385 31.71 31.56 31.71 31.52261261 31.71 31.48642857 31.72 31.45141593 31.72 31.41763158 32

Quantity Fixed Costs Variable Costs 2,900 30.40 2,900 57.37 2,900 84.33 2,900 111.28 2,900 138.23 165.18 192.12 219.07 246.04 273.01 300.00 327.01 354.04 381.11 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 408.20 435.33 462.49 489.70 516.95 544.25 571.60 599.01 626.48 654.01 681.61 Total Costs Revenue 2,930 2,957 2,984 3,011 3,038 3,065 3,092 3,119 3,146 3,173 3,200 3,227 3,254 3,281 3,308 3,335 3,362 3,390 3,417 3,444 3,472 3,499 3,526 3,554 3,582 2,880 2,912 2,944 2,976 3,008 3,040 3,072 3,104 3,136 3,168 3,200 3,232 3,264 3,296 3,328 3,360 3,392 3,424 3,456 3,488 3,520 3,552 3,584 3,616 3,648 Profit 5 10 15 (50) (45) 32.49857143 (40) 32.43836957 (35) 32.37935484 (30) 32.32159574 (25) 32.26505263 (20) 32.20958333 (15) 32.15536082 32.10244898 32.05060606 (10) (5) 20 25 AC 30 34 39 44 48 53 58 62 66 32.56 #VALUE! 32 MR 31.95059406 31.90235294 31.85543689 31.80961538 31.76504762 31.72160377 31.67943925 31.63842593 31.59862385 31.56 31.52261261 31.48642857 31.45141593 31.41763158 MC 32.56 31.65 32.49857143 31.65 32.43836957 31.66 32.37935484 31.66 32.32159574 31.66 32.26505263 31.67 32.20958333 31.67 32.15536082 31.67 32.10244898 31.68 32.05060606 31.68 31.68 31.95059406 31.69 31.90235294 31.69 31.85543689 31.69 31.80961538 31.70 31.76504762 31.70 31.72160377 31.70 31.67943925 31.70 31.63842593 31.71 31.59862385 31.71 31.56 31.71 31.52261261 31.71 31.48642857 31.72 31.45141593 31.72 31.41763158 32

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
Create two graphs, one showing fixed, variable, total costs, revenue and profit. The other showing marginal and average cost and marginal revenue.
L2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 2 10 ▼ A fx Hammers Price Fixed Costs 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 100% 111 112 113 114 B 32.00 2,900 < 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 $ % .0 .00 123 Quantity Fixed Costs Variable Costs Total Costs Revenue Profit 2,930 2,880 C D 30.40 57.37 84.33 111.28 138.23 165.18 192.12 219.07 246.04 273.01 300.00 327.01 354.04 381.11 408.20 435.33 462.49 489.70 516.95 544.25 571.60 599.01 626.48 654.01 681.61 2,957 2,984 3,011 3,038 3,065 3,092 3,335 3,362 3,390 3,417 3,444 3,472 Arial 3,499 E 3,526 3,554 3,582 (50) 32.56 #VALUE! 32.56 2,912 (45) 32.49857143 31.65 32.49857143 2,944 (40) 32.43836957 2,976 (35) 32.37935484 3,008 (30) 32.32159574 3,040 (25) 32.26505263 31.65 32.43836957 31.66 32.37935484 31.66 32.32159574 31.66 32.26505263 31.67 32.20958333 31.67 32.15536082 31.67 32.10244898 31.68 32.05060606 3,072 (20) 32.20958333 3,119 3,104 (15) 32.15536082 3,146 3,136 (10) 32.10244898 3,173 3,168 (5) 32.05060606 3,200 3,200 32 31.68 11 3,227 3,232 5 31.95059406 3,254 3,264 10 31.90235294 3,281 3,296 15 31.85543689 3,308 3,328 20 31.80961538 3,360 25 31.76504762 31.68 31.95059406 31.69 31.90235294 31.69 31.85543689 31.69 31.80961538 31.70 31.76504762 31.70 31.72160377 31.70 31.67943925 31.70 31.63842593 31.71 31.59862385 3,392 30 31.72160377 3,424 34 31.67943925 3,456 39 31.63842593 3,488 44 31.59862385 3,520 48 31.56 53 31.52261261 58 62 31.48642857 31.45141593 31.41763158 66 3,552 F 3,584 3,616 3,648 10 ▸ AC B I S Α G MR H 189 31.71 MC เป I 14 32 31.56 31.71 31.52261261 31.71 31.48642857 31.72 31.45141593 31.72 31.41763158 ▼ + J
Transcribed Image Text:L2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 2 10 ▼ A fx Hammers Price Fixed Costs 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 100% 111 112 113 114 B 32.00 2,900 < 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 $ % .0 .00 123 Quantity Fixed Costs Variable Costs Total Costs Revenue Profit 2,930 2,880 C D 30.40 57.37 84.33 111.28 138.23 165.18 192.12 219.07 246.04 273.01 300.00 327.01 354.04 381.11 408.20 435.33 462.49 489.70 516.95 544.25 571.60 599.01 626.48 654.01 681.61 2,957 2,984 3,011 3,038 3,065 3,092 3,335 3,362 3,390 3,417 3,444 3,472 Arial 3,499 E 3,526 3,554 3,582 (50) 32.56 #VALUE! 32.56 2,912 (45) 32.49857143 31.65 32.49857143 2,944 (40) 32.43836957 2,976 (35) 32.37935484 3,008 (30) 32.32159574 3,040 (25) 32.26505263 31.65 32.43836957 31.66 32.37935484 31.66 32.32159574 31.66 32.26505263 31.67 32.20958333 31.67 32.15536082 31.67 32.10244898 31.68 32.05060606 3,072 (20) 32.20958333 3,119 3,104 (15) 32.15536082 3,146 3,136 (10) 32.10244898 3,173 3,168 (5) 32.05060606 3,200 3,200 32 31.68 11 3,227 3,232 5 31.95059406 3,254 3,264 10 31.90235294 3,281 3,296 15 31.85543689 3,308 3,328 20 31.80961538 3,360 25 31.76504762 31.68 31.95059406 31.69 31.90235294 31.69 31.85543689 31.69 31.80961538 31.70 31.76504762 31.70 31.72160377 31.70 31.67943925 31.70 31.63842593 31.71 31.59862385 3,392 30 31.72160377 3,424 34 31.67943925 3,456 39 31.63842593 3,488 44 31.59862385 3,520 48 31.56 53 31.52261261 58 62 31.48642857 31.45141593 31.41763158 66 3,552 F 3,584 3,616 3,648 10 ▸ AC B I S Α G MR H 189 31.71 MC เป I 14 32 31.56 31.71 31.52261261 31.71 31.48642857 31.72 31.45141593 31.72 31.41763158 ▼ + J
Expert Solution
steps

Step by step

Solved in 4 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Managing Risk
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS