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Examine the demand, revenue, cost and profit for each price point used in your survey. Report area Demand, revenue, costs and profit for various price
Examine the demand, revenue, cost and profit for each price point used in your survey. Report area Demand, revenue, costs and profit for various price points Demand [Lb] Revenue [$] Fixed Cost [$] Variable Cost [$] Profit [$] Price: $6 3,050 18,300 3,000 21,350 -6,050 Price: $7 2,900 20,300 3,000 20,300 -3,000 Price: $8 2,450 19,600 3,000 17,150 -550 Price: $9 2,200 19,800 3,000 15,400 1,400 Price: $10 1,850 18,500 3,000 12,950 2,550 Price: $11 1,550 17,050 3,000 10,850 3,200 Price: $12 1,300 15,600 3,000 9,100 3,500 Price: $13 1,200 15,600 3,000 8,400 4,200 Price: $14 1,100 15,400 3,000 7,700 4,700 Price: $15 1,000 15,000 3,000 7,000 5,000 Price: $16 900 14,400 3,000 6,300 5,100 Price: $17 700 11,900 3,000 4,900 4,000 Price: $18 400 7,200 3,000 2,800 1,400 Price: $19 200 3,800 3,000 1,400 -600 Price: $20 100 2,000 3,000 700 -1,700
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