The next 6 questions relate to the following table. Calculate total revenue at a quantity of...
The next 6 questions relate to the following table. Calculate total revenue at a quantity of 5 units. (The table gives you Quantity, Price, and Total Costs, leaving the Total Revenue and Profit for you to calculate.)
|
Quantity |
Price |
Total Revenue |
Total Cost |
Profit |
| 0 | 100 | 0 | ||
| 1 | 100 | 60 | ||
| 2 | 100 | 120 | ||
| 3 | 100 | 180 | ||
| 4 | 100 | 300 | ||
| 5 | 100 | 410 |
Homework Answers
Total revenue = quantity x price .
As the price is constant the total revenue will be 00, 100, 200, 300, 400, 500 respectively.
Profit = total revenue - total cost
= profit will be -100, 40, 80, 120, 100 and 90 respectively.
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