quantity marginal average percent contribution Price Demand total revenue revenue fixed cost variable cost total cost variable cost marginal cost MR-MC profit margin 18 600 10800 (a) 500 5210 5710 8.68 (b) (c) 5090 17 700 11900 11 500 5640 6140 8.06 4.30 (d) 5760 0.75 16 800 12800 9 500 6135 6635 7.67 4.95 (e) 6165 0.69 15 900 13500 7 500 6700 7200 7.44 5.65 (f) 6300 0.62 14 1000 14000 5 500 7335 7835 7.34 6.35 (g) 6165 0.55 13 1100 14300 3 500 8060 8560 7.33 7.25 (h) 5740 0.44 12 1200 14400 1 500 8900 9400 7.42 8.40 (i) 5000 0.30

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Complete the table.

A.

B.

C.

D.

E.

F.

G.

H.

I.

quantity
marginal
average
percent
contribution
Price
Demand
total revenue revenue
fixed cost
variable cost total cost
variable cost marginal cost MR-MC
profit
margin
18
600
10800 (a)
500
5210
5710
8.68 (b)
(c)
5090
17
700
11900
11
500
5640
6140
8.06
4.30 (d)
5760
0.75
16
800
12800
9
500
6135
6635
7.67
4.95 (e)
6165
0.69
15
900
13500
7
500
6700
7200
7.44
5.65 (f)
6300
0.62
14
1000
14000
5
500
7335
7835
7.34
6.35 (g)
6165
0.55
13
1100
14300
3
500
8060
8560
7.33
7.25 (h)
5740
0.44
12
1200
14400
1
500
8900
9400
7.42
8.40 (i)
5000
0.30
Transcribed Image Text:quantity marginal average percent contribution Price Demand total revenue revenue fixed cost variable cost total cost variable cost marginal cost MR-MC profit margin 18 600 10800 (a) 500 5210 5710 8.68 (b) (c) 5090 17 700 11900 11 500 5640 6140 8.06 4.30 (d) 5760 0.75 16 800 12800 9 500 6135 6635 7.67 4.95 (e) 6165 0.69 15 900 13500 7 500 6700 7200 7.44 5.65 (f) 6300 0.62 14 1000 14000 5 500 7335 7835 7.34 6.35 (g) 6165 0.55 13 1100 14300 3 500 8060 8560 7.33 7.25 (h) 5740 0.44 12 1200 14400 1 500 8900 9400 7.42 8.40 (i) 5000 0.30
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE 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