Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I calculate the total fixed cost for this set of data? PRICE QUANTITY (in millions) TOTAL REVENUE MARGINAL REVENUE TOTAL COST (in millions)

How do I calculate the total fixed cost for this set of data?

image text in transcribed
PRICE QUANTITY (in millions) TOTAL REVENUE MARGINAL REVENUE TOTAL COST (in millions) TOTAL FIXED COST (in millions) TOTAL VARIABLE COST (in million) 89 0 $0.00 $0.00 $1.72 82.7 1 582.70 582.70 529.19 76.4 2 $152.80 $70.10 $59.11 70.1 3 $210.30 $57.50 $89.76 63.3 4 5255.20 544.90 $121.15 57.5 5 5237.50 532.30 5153.28 51.2 6 $307.20 519.70 5136.13 44.9 7 $314.30 $7.10 $219.72 38.6 3 5308.30 -S5.50 $254.05 32.3 9 5290.70 7513.10 5239.11 26 10 5260.00 $30.70 $324.90

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip R Cateora

13th Edition

0073080063, 9780073080062

More Books

Students also viewed these Economics questions

Question

3. What values would you say are your core values?

Answered: 1 week ago