In the profit model, we want to develop a one way data table to evaluate the...
In the profit model, we want to develop a one way data table to evaluate the profit for a range of unit prices. After creating your data table, answer the following question:
What is the maximum value in the data table? (as a whole number with no commas or $ sign)
Profit Model
Data Unit Price $40.00
Unit price Unit Cost $24.00
Fixed Cost $400,000.00
Demand 50000
Model 47
Unit Price $40.00
Quantity Sold 40000
Revenue $1,600,000.00
Unit Cost $24.00
Quantity Produced 40000
Variable Cost $960,000.00
Fixed Cost $400,000.00
Profit $240,000.00
Unit Price
37
39
41
43
45
47
Homework Answers
SOLUTION:
| Unit price | Revenue | Variable cost | Profit |
| 37 | 1480000 | 960000 | 120000 |
| 39 | 1560000 | 960000 | 200000 |
| 41 | 1640000 | 960000 | 280000 |
| 43 | 1720000 | 960000 | 360000 |
| 45 | 1800000 | 960000 | 440000 |
| 47 | 1880000 | 960000 | 520000 |
| Average | 320000 |
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In the profit model, we want to develop a one way data table to
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