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The following table shows financial data for a medical clinic : 2013 2014 2015 2016 2017 Procedures 250 300 350 400 450 Price $2,000 $1,920
The following table shows financial data for a medical clinic:
| 2013 | 2014 | 2015 | 2016 | 2017 |
Procedures | 250 | 300 | 350 | 400 | 450 |
Price | $2,000 | $1,920 | $1,800 | $1,675 | $1,550 |
Revenue |
|
| $630,000 |
|
|
Expenses | $516,000 | $538,500 | $563,500 | $591,000 | $621,000 |
Profit |
|
|
|
|
|
2 points:
Calculate the clinics revenue at each level of output and insert it into the table.
Calculate the clinics profit at each level of output and insert it into the table.
Identify the price at which the profits are maximized: _______________
4 points:
Using a spreadsheet program, plot only revenue and profit on a line graph.
Use a separate line for revenue and a separate line for profit.
Adjust the Y-axis gradations to make sure each line is clearly distinguishable.
Be sure to accurately label the Y-axis (dollars) and the X-axis (years).
Include a graph legend to identify each separate line.
Insert your line graph below:
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