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Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard. Price Quantity Demanded Total Revenue Marginal Revenue Variable
Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard.
Price | Quantity Demanded | Total Revenue | Marginal Revenue | Variable Cost | Total Cost | Average Variable Cost | Marginal Cost | Profit | Percent Contribution Margin |
18 | 600 | 10800 | 5210 | 5710 | 8.68 | 5090 | |||
17 | a | 11900 | 11 | b | 6140 | 8.06 | 4.30 | 5760 | 0.75 |
16 | 800 | 12800 | 9 | 6135 | c | 7.67 | 4.95 | 6165 | d |
15 | 900 | 13500 | e | 6700 | 7200 | 7.44 | 5.65 | 6300 | 0.62 |
14 | 1000 | 14000 | 5 | 7335 | 7835 | f | 6.35 | 6165 | g |
13 | 1100 | 14300 | 3 | 8060 | 8560 | 7.33 | h | i | 0.44 |
j | 1200 | 14400 | 1 | 8900 | 9400 | 7.42 | 8.40 | 5000 | 0.30 |
a) b) c) d) e) f) g) h) i) j)
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