Quantity Variable Fixed Price Total Total Profit Marginal Costs Costs Costs Revenue Costs 1,000 $500 $5,000 $2 $5,500 2,000 -3,500 2/500 $1,000 $5,000 $2 $6,000 5,000 -1,000 0.3 4,000 $1,400 $5,000 $2 $6,400 8,000 1,600 0.27 9,000 $2,400 $5,000 $2 $7,400 18,000 10,600 0.2 13,000 $3,400 $5,000 $2 $8,400 26,000 17,600 0.25 20,000 $10,000 $5,000 $2 $15,000 40,000 25,000 0.94 $31,250 $5,000 $2 $36.250 90.000 53,750 0.85 45,000
Quantity Variable Fixed Price Total Total Profit Marginal Costs Costs Costs Revenue Costs 1,000 $500 $5,000 $2 $5,500 2,000 -3,500 2/500 $1,000 $5,000 $2 $6,000 5,000 -1,000 0.3 4,000 $1,400 $5,000 $2 $6,400 8,000 1,600 0.27 9,000 $2,400 $5,000 $2 $7,400 18,000 10,600 0.2 13,000 $3,400 $5,000 $2 $8,400 26,000 17,600 0.25 20,000 $10,000 $5,000 $2 $15,000 40,000 25,000 0.94 $31,250 $5,000 $2 $36.250 90.000 53,750 0.85 45,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Based on your current quatities and costs, can you still sell a hamburger for 2.00$ and make a profit?
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Quantity
Variable
Fixed
Price
Profit
Marginal
Costs
Total
Total
Costs
Costs
Costs
Revenue
1,000
$500
$5,000
$5,500 2,000
-3,500
2/500
$1,000
$5,000
$2
$6,000 5,000
-1,000
0.3
4,000
$1,400
$5,000
$2
$6,400 8,000
1,600
0.27
9,000
$2,400
$5,000
$7,400 18,000
10,600
0.2
13,000
$3,400
$5,000
$2
$8,400 26,000
17,600
0.25
$10,000
$5,000
$2
$15,000 40,000
25,000
0.94
20,000
$5,000
$2
$36,250 90,000
53,750
0.85
45,000
$31,250
DFocus
ENG
English (United States)
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