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Exercise 1. Using the Revenue. Inverse Demand, and Cost equations below. please complete the following: Revenue = P'Q P = 225 - 2011 Cost =

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Exercise 1. Using the Revenue. Inverse Demand, and Cost equations below. please complete the following: Revenue = P'Q P = 225 - 2011 Cost = 100 + 500 a) Create a prot table in Excel for selling quantity from 0 to 10. Use formulas appropriately b] Format your Table to match Table 1 below. The numbers in the table are for demonstration only; they are not the \"correct\" answers for the problem. Table 1. Table 1. Prot and mi Prot Quantity Price Revenue Coat Prot Marginal Marginal Lots (0009) ($0003) ($000) ($0009) ($0003) Revenue Cost 0 $170 $0 $100 -$100 1 $150 $150 $138 $12 $150 $38 2 $130 $260 $176 $84 $110 $38 3 $110 $330 $214 $116 $70 $38 4 $90 $360 $252 $108 $30 $38 5 $70 $350 $290 $60 -$10 $38 6 $50 $300 $328 -$28 -$50 $38 7 $30 $210 $366 -$156 -$90 $38 8 $10 $80 $404 -$324 -$130 $38 You can freeze the panes so that the rst row is xed. To do this. click on Cell 16. go to View. under Windows tab, click on Freeze panes. and Freeze Panes again

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