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In the profit model, we want to develop a one way data table to evaluate the profit for a range of unit costs. After creating
In the profit model, we want to develop a one way data table to evaluate the profit for a range of unit costs. After creating your data table, answer the following question: What is the average value in the data table (a whole number with no commas or S sign)? Profit Model Data Unit Price Unit Cost Fixed Cost Demand $40.00 $24.00 $400,000.00 Unit cost 23 24 25 26 50000 Model Unit Price Quantity Sold Revenue $40.00 40000 $1,600,000.00 $24.00 40000 Unit Cost Quantity Produced Variable Cost Fixed Cost S960,000.00 $400,000.00 Profit $240,000.00
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