Hi,

What is the explanation for the 7 questions n the excel template for project one MBA 620?I did answered the questions but don't know how to explain?

Thank you

. Does MC = MR at the maximum profit point

Gallons sold per day Price Revenue (price x gallons) Marginal revenue 3,600 $2.759000 $9,932.40 3,601 $2.758975 $9,935.07 $2.6690 4,000 $2.749000 $10,996.00 4,001 $2.748975 $10,998.65 $2.6490 4,400 $2.739000 $12,051.60 4,401 $2.738975 $12,054.23 $2.6290 4,800 $2.729000 $13,099.20 4,801 $2.728975 $13,101.81 $2.6090 5,200 $2.719000 $14,138.80 5,201 $2.718975 $14,141.39 $2.5890

Cost per gallon Variable Cost Fixed Cost Total Cost Marginal Cost $2.381 $8,571.60 $250.00 $8,821.60 $2.381 $8,573.98 $250.00 $8,823.98 $2.3810 $2.381 $9,524.00 $250.00 $9,774.00 $2.381 $9,526.38 $250.00 $9,776.38 $2.3810 $2.381 $10,476.40 $250.00 $10,726.40 $2.381 $10,478.78 $250.00 $10,728.78 $2.3810 $2.381 $11,428.80 $250.00 $11,678.80 $2.381 $11,431.18 $250.00 $11,681.18 $2.3810 $2.381 $12,381.20 $250.00 $12,631.20 $2.381 $12,383.58 $250.00 $12,633.58