Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marginal Revenue Marginal Cost 6. Next calculate marginal revenue, knowing that it is the difference between the revenue at the price shown and the revenue

image text in transcribedimage text in transcribed

Marginal Revenue Marginal Cost 6. Next calculate marginal revenue, knowing that it is the difference between the revenue at the price shown and the revenue at 1/400 of a cent less. Calculate 1/400 of a cent as well as the new price. Gallons sold per Price Revenue (price x gallons) Marginal revenue Cost per gallon Variable Cost Fixed Cost Total Cost Marginal Cost Calculate the marginal cost of selling zero point one (0.1) more gallon at each price. Prove that MC = $0.2158 day 2800.0 2800.1 $ 2.958000 $ 2.957975 $8,282.40 $8,282.63 $2.158 $2.158 $6,042.40 $6,042.62 $438.00 $438.00 $6,480.40 $6,480.62 $0.2258 $0.2158 Complete the table to the right. 3000.0 3000.1 wa $2.158 $ 2.908000 $ 2.907975 $8,724.00 $8,724.22 $6,474.000 $6,474.216 $438.00 $438.00 $6,912.000 $6,912.22 $0.2158 $2.158 $0.2158 Il 3200.0 3200.1 $ 2.858000 $ 2.857975 $9,145.60 $9,145.81 $2.158 $2.158 $6,905.60 $6,905.82 $438.00 $438.00 $7,343.60 $7,343.82 $0.2058 $0.2158 3600.0 3600.1 $2.758000 $2.757975 $9,928.80 $9,928.99 $2.158 $2.158 $7,768.80 $7,769.02 $438.00 $438.00 $8,206.80 $8,207.02 $0.1858 $0.2158 4000.0 4000.1 $2.658000 $2.657975 $10,632.00 $10,632.17 $2.158 $2.158 $8,632.00 $8,632.22 $438.00 $438.00 $9,070.00 $9,070.22 $0.1658 $0.2158 ar Question: I'm having a problem figuring out this part of my task: I'm trying to figure out the formula to use to calculate the fields. Marginal Revenue Marginal Cost 6. Next calculate marginal revenue, knowing that it is the difference between the revenue at the price shown and the revenue at 1/400 of a cent less. Calculate 1/400 of a cent as well as the new price. . Price Revenue (price x gallons) Marginal revenue Cost per gallon Variable Cost Fixed Cost Gallons sold per day 2800.0 2800.1 Total Cost Marginal Cost Calculate the marginal cost of selling zero point one (0.1) more gallon at each price. Prove that MC = $0.2158 $ $ 2.958000 $ 2.957975 $8,282.40 $8,282.63 $2.158 $2.158 $6,042.40 $6,042.62 $438.00 $438.00 $6,480.40 $6,480.62 $0.2258 $0.2158 Complete the table to the right. 3000.0 3000.1 $ 2.908000 $ 2.907975 $2.158 $2.158 $438.00 $438.00 $6,912.000 $6,912.22 $0.2158 $0.2158 $6,474.000 $6,474.216 $6,905.60 $6,905.82 3200.0 3200.1 $ 2.858000 $ 2.857975 $2.158 $2.158 $438.00 $438.00 $7,343.60 $7,343.82 $0.2058 $0.2158 $8,724.00 $8,724.22 $9,145.60 $9,145.81 $9,928.80 $9,928.99 $10,632.00 $10,632.17 3600.0 $438.00 $438.00 3600.1 $0.1858 $2.758000 $2.757975 $2.658000 $2.657975 INT $0.2158 $2.158 $2.158 $2.158 $2.158 $7,768.80 $7,769.02 $8,632.00 $8,632.22 $8,206.80 $8,207.02 $9,070.00 $9,070.22 4000.0 4000.1 $0.1658 $438.00 $438.00 $0.2158 1 AAPPAAAA AAAF A AAAAA Subject: Accounting Marginal Revenue Marginal Cost 6. Next calculate marginal revenue, knowing that it is the difference between the revenue at the price shown and the revenue at 1/400 of a cent less. Calculate 1/400 of a cent as well as the new price. Gallons sold per Price Revenue (price x gallons) Marginal revenue Cost per gallon Variable Cost Fixed Cost Total Cost Marginal Cost Calculate the marginal cost of selling zero point one (0.1) more gallon at each price. Prove that MC = $0.2158 day 2800.0 2800.1 $ 2.958000 $ 2.957975 $8,282.40 $8,282.63 $2.158 $2.158 $6,042.40 $6,042.62 $438.00 $438.00 $6,480.40 $6,480.62 $0.2258 $0.2158 Complete the table to the right. 3000.0 3000.1 wa $2.158 $ 2.908000 $ 2.907975 $8,724.00 $8,724.22 $6,474.000 $6,474.216 $438.00 $438.00 $6,912.000 $6,912.22 $0.2158 $2.158 $0.2158 Il 3200.0 3200.1 $ 2.858000 $ 2.857975 $9,145.60 $9,145.81 $2.158 $2.158 $6,905.60 $6,905.82 $438.00 $438.00 $7,343.60 $7,343.82 $0.2058 $0.2158 3600.0 3600.1 $2.758000 $2.757975 $9,928.80 $9,928.99 $2.158 $2.158 $7,768.80 $7,769.02 $438.00 $438.00 $8,206.80 $8,207.02 $0.1858 $0.2158 4000.0 4000.1 $2.658000 $2.657975 $10,632.00 $10,632.17 $2.158 $2.158 $8,632.00 $8,632.22 $438.00 $438.00 $9,070.00 $9,070.22 $0.1658 $0.2158 ar Question: I'm having a problem figuring out this part of my task: I'm trying to figure out the formula to use to calculate the fields. Marginal Revenue Marginal Cost 6. Next calculate marginal revenue, knowing that it is the difference between the revenue at the price shown and the revenue at 1/400 of a cent less. Calculate 1/400 of a cent as well as the new price. . Price Revenue (price x gallons) Marginal revenue Cost per gallon Variable Cost Fixed Cost Gallons sold per day 2800.0 2800.1 Total Cost Marginal Cost Calculate the marginal cost of selling zero point one (0.1) more gallon at each price. Prove that MC = $0.2158 $ $ 2.958000 $ 2.957975 $8,282.40 $8,282.63 $2.158 $2.158 $6,042.40 $6,042.62 $438.00 $438.00 $6,480.40 $6,480.62 $0.2258 $0.2158 Complete the table to the right. 3000.0 3000.1 $ 2.908000 $ 2.907975 $2.158 $2.158 $438.00 $438.00 $6,912.000 $6,912.22 $0.2158 $0.2158 $6,474.000 $6,474.216 $6,905.60 $6,905.82 3200.0 3200.1 $ 2.858000 $ 2.857975 $2.158 $2.158 $438.00 $438.00 $7,343.60 $7,343.82 $0.2058 $0.2158 $8,724.00 $8,724.22 $9,145.60 $9,145.81 $9,928.80 $9,928.99 $10,632.00 $10,632.17 3600.0 $438.00 $438.00 3600.1 $0.1858 $2.758000 $2.757975 $2.658000 $2.657975 INT $0.2158 $2.158 $2.158 $2.158 $2.158 $7,768.80 $7,769.02 $8,632.00 $8,632.22 $8,206.80 $8,207.02 $9,070.00 $9,070.22 4000.0 4000.1 $0.1658 $438.00 $438.00 $0.2158 1 AAPPAAAA AAAF A AAAAA Subject: Accounting

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

Audit Analytics Data Science For The Accounting Profession

Authors: J. Christopher Westland

1st Edition

3030490904, 9783030490904

More Books

Students also viewed these Accounting questions

Question

=+ (e) Inter-group transfer of tangible non-current assets.

Answered: 1 week ago