Willie Wheat decides to produce 150 bushels of wheat. Based on the revenue and cost information below, they will earn profit of Quantity Total 10 50 100 150 200 250 300 140 170 190 Fixed Revenue Cost 150 10 250 500 750 1,000 1.240 1,500 300 300 300 300 300 300 300 Variable Total Cost Cost 0 100 190 310 510 ---- 820 300 400 490 610 810 1,120 1,200 1.500 Profit

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Willie Wheat decides to produce 150 bushels of wheat. Based on the revenue and cost
information below, they will earn profit of
Quantity Total
0
50
100
150
200
250
300
140
170
190
150
Revenue
10
250
500
750
1,000
1,240
1,500
Fixed
Cost
300
300
300
300
300
300
300
Variable
Cost
0
100
190
310
510
820
1111
Total
Cost
300
400
490
610
810
1,120
1,200 1.500
Profit
Transcribed Image Text:Willie Wheat decides to produce 150 bushels of wheat. Based on the revenue and cost information below, they will earn profit of Quantity Total 0 50 100 150 200 250 300 140 170 190 150 Revenue 10 250 500 750 1,000 1,240 1,500 Fixed Cost 300 300 300 300 300 300 300 Variable Cost 0 100 190 310 510 820 1111 Total Cost 300 400 490 610 810 1,120 1,200 1.500 Profit
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