Question 1 - Use the data from the NCAA t-shirt sales to answer the following questions: . Assign range names to each of the values in column B6 to B19. i. Use the range names to calculate Total Revenue, Total Cost, and Maximum Profit See the lecture notes for the revenue condition Uncertain variable Quantity demanded Decision variable 1200 Quantity Ordered 1000 mput variables Fixed cost 750 Variable cost 8 Driginal price Discounted price 15 6 Total Revenue otal Cost Maximum Profit

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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How do I calculate the cells highlighted in blue? For the first I in question one which cells should I give names too

Question 1 - Use the data from the NCAA t-shirt sales to answer the following questions:
1. Assign range names to each of the values in column B6 to B19.
ii. Use the range names to calculate Total Revenue, Total Cost, and Maximum Profit
See the lecture notes for the revenue condition
Uncertain variable
Quantity demanded
Decision variable
Quantity Ordered
Input variables
Fixed cost
1200
1000
750
Variable cost
8
Original price
Discounted price
15
Total Revenue
Total Cost
Maximum Profit
Transcribed Image Text:Question 1 - Use the data from the NCAA t-shirt sales to answer the following questions: 1. Assign range names to each of the values in column B6 to B19. ii. Use the range names to calculate Total Revenue, Total Cost, and Maximum Profit See the lecture notes for the revenue condition Uncertain variable Quantity demanded Decision variable Quantity Ordered Input variables Fixed cost 1200 1000 750 Variable cost 8 Original price Discounted price 15 Total Revenue Total Cost Maximum Profit
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