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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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