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Saved Profit per Unit (Price Average Total Revenue Cost Total Marginal Marginal Profit Revenue Cost Total Output per month Price Total Minus Cost Average Cost) $4 60,000 $1,000 $ $60,000 $900 $100 1,000 10,000 $ 1,000 1,000 200,000 130,000 70,000 1,000 1,000 300,000 180,000 120,000 1,000 400,000 240,000 160,000 1,000 500,000 320,000 180,000 1,000 600,000 420,000 180,000 1,000 700,000 546,000 154,000 1,000 800,000 720,000 80,000 1,000 900,000 919,800| -19,800 100 100,000| 90,000 $300 200 400 650 350 600 1,000 1,000 1,000 300 500 400 nces 400 600 600 400 500 800 640 360 1,000 1,000 700 300 600 700 1,260 1,740 1,998 1,000 780 220 800 1,000 900 100 900 1,000 1,022 -22 *Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. (a) What were the fixed costs of production for the firm? < Prev 2 of 9 E Next > M. etion DELL Ce %23 24 *- 4 7 %24 # 3. %24

Saved Profit per Unit (Price Average Total Revenue Cost Total Marginal Marginal Profit Revenue Cost Total Output per month Price Total Minus Cost Average Cost) $4 60,000 $1,000 $ $60,000 $900 $100 1,000 10,000 $ 1,000 1,000 200,000 130,000 70,000 1,000 1,000 300,000 180,000 120,000 1,000 400,000 240,000 160,000 1,000 500,000 320,000 180,000 1,000 600,000 420,000 180,000 1,000 700,000 546,000 154,000 1,000 800,000 720,000 80,000 1,000 900,000 919,800| -19,800 100 100,000| 90,000 $300 200 400 650 350 600 1,000 1,000 1,000 300 500 400 nces 400 600 600 400 500 800 640 360 1,000 1,000 700 300 600 700 1,260 1,740 1,998 1,000 780 220 800 1,000 900 100 900 1,000 1,022 -22 *Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. (a) What were the fixed costs of production for the firm? < Prev 2 of 9 E Next > M. etion DELL Ce %23 24 *- 4 7 %24 # 3. %24

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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(A) what were the fixed costs of production for the firm?

(B) at what rate of output was profit computer maximized?(choose the highest output level.)

(C) at what output rate was total profit maximized?       Computers per month

Saved Profit per Unit (Price Average Total Revenue Cost Total Marginal Marginal Profit Revenue Cost Total Output per month Price Total Minus Cost Average Cost) $4 60,000 $1,000 $ $60,000 $900 $100 1,000 10,000 $ 1,000 1,000 200,000 130,000 70,000 1,000 1,000 300,000 180,000 120,000 1,000 400,000 240,000 160,000 1,000 500,000 320,000 180,000 1,000 600,000 420,000 180,000 1,000 700,000 546,000 154,000 1,000 800,000 720,000 80,000 1,000 900,000 919,800| -19,800 100 100,000| 90,000 $300 200 400 650 350 600 1,000 1,000 1,000 300 500 400 nces 400 600 600 400 500 800 640 360 1,000 1,000 700 300 600 700 1,260 1,740 1,998 1,000 780 220 800 1,000 900 100 900 1,000 1,022 -22 *Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. (a) What were the fixed costs of production for the firm? < Prev 2 of 9 E Next > M. etion DELL Ce %23 24 *- 4 7 %24 # 3. %24
Transcribed Image Text:Saved Profit per Unit (Price Average Total Revenue Cost Total Marginal Marginal Profit Revenue Cost Total Output per month Price Total Minus Cost Average Cost) $4 60,000 $1,000 $ $60,000 $900 $100 1,000 10,000 $ 1,000 1,000 200,000 130,000 70,000 1,000 1,000 300,000 180,000 120,000 1,000 400,000 240,000 160,000 1,000 500,000 320,000 180,000 1,000 600,000 420,000 180,000 1,000 700,000 546,000 154,000 1,000 800,000 720,000 80,000 1,000 900,000 919,800| -19,800 100 100,000| 90,000 $300 200 400 650 350 600 1,000 1,000 1,000 300 500 400 nces 400 600 600 400 500 800 640 360 1,000 1,000 700 300 600 700 1,260 1,740 1,998 1,000 780 220 800 1,000 900 100 900 1,000 1,022 -22 *Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. (a) What were the fixed costs of production for the firm? < Prev 2 of 9 E Next > M. etion DELL Ce %23 24 *- 4 7 %24 # 3. %24
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