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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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.
Transcribed Image Text:L2
1
2
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5
6
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9
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2
10
▼
A
fx
Hammers
Price
Fixed Costs
90
91
92
93
94
95
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100
101
102
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104
105
106
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100%
111
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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
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