Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to the table standard. Table of Basic Calculations Price Quantity Demanded Total Revenue Marginal Revenue Variable Cost Total Cost Average Variable Cost Marginal Cost Profit Percent Contribution Margin 18 600 10800 5210 5710 8.68 5090 17 11900 11 6140 8.06 4.30 5760 0.75 16 800 12800 9 6135 7.67 4.95 6165 15 900 13500 6700 7200 7.44 5.65 6300 0.62 14 1000 14000 5 7335 7835 6.35 6165 13 1100 14300 3 8060 8560 7.33 0.44 1200 14400 1 8900 9400 7.42 8.40 5000 0.30
Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to the table standard. Table of Basic Calculations Price Quantity Demanded Total Revenue Marginal Revenue Variable Cost Total Cost Average Variable Cost Marginal Cost Profit Percent Contribution Margin 18 600 10800 5210 5710 8.68 5090 17 11900 11 6140 8.06 4.30 5760 0.75 16 800 12800 9 6135 7.67 4.95 6165 15 900 13500 6700 7200 7.44 5.65 6300 0.62 14 1000 14000 5 7335 7835 6.35 6165 13 1100 14300 3 8060 8560 7.33 0.44 1200 14400 1 8900 9400 7.42 8.40 5000 0.30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P.
Round to the table standard.
Table of Basic Calculations
|
|
Quantity Demanded |
Total Revenue |
Marginal Revenue |
Variable Cost |
Total Cost |
Average Variable Cost |
Marginal Cost |
Profit |
Percent Contribution Margin |
|---|---|---|---|---|---|---|---|---|---|
|
18 |
600 |
10800 |
5210 |
5710 |
8.68 |
5090 |
|||
|
17 |
|
11900 |
11 |
|
6140 |
8.06 |
4.30 |
5760 |
0.75 |
|
16 |
800 |
12800 |
9 |
6135 |
|
7.67 |
4.95 |
6165 |
|
|
15 |
900 |
13500 |
|
6700 |
7200 |
7.44 |
5.65 |
6300 |
0.62 |
|
14 |
1000 |
14000 |
5 |
7335 |
7835 |
|
6.35 |
6165 |
|
|
13 |
1100 |
14300 |
3 |
8060 |
8560 |
7.33 |
|
|
0.44 |
|
|
1200 |
14400 |
1 |
8900 |
9400 |
7.42 |
8.40 |
5000 |
0.30 |
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