Select all statements that are true using the attached chart. A.)Breakeven is the quantity where TR - TC = 0 B.)The profit maximizing quantity of participants/bags is MR ≥ MC 300 C.) The profit maximizing quantity of participants/bags MR ≤ MC 400  D.)  Using Qb = F/(MR – AVC) the breakeven quantity of participants/bags is 113 and 115 bags.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Select all statements that are true using the attached chart.

A.)Breakeven is the quantity where TR - TC = 0

B.)The profit maximizing quantity of participants/bags is MR ≥ MC 300

C.) The profit maximizing quantity of participants/bags MR ≤ MC 400

 D.)  Using Qb = F/(MR – AVC) the breakeven quantity of participants/bags is 113 and 115 bags.

 

Participants Fixed Cost Variable Cost Total Cost
1700
1700
1700
1700
1700
1700
1700
1700
0
100
200
300
400
500
600
700
800
900
1000
Sheet1
1700
1700
1700
+
0
500
1200
2700
5200
9000
15000
23800
36800
55800
83000
Shereeta Ashenfelter
0
TEXTERNALI Problem Set 1 Handout for St..... Wed 10/12
1700
2200
2900
4400
6900
10700
16700
25500
38500
57500
84700
Average Variable Cost Marg. Cost
#DIV/0!
1700
5
6
9
13
18
25
34
46
62
83
5
7
15
25
38
60
88
130
190
272
TR $20
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
MR
0
20
20
20
20
20
20
20
20
20
20
TP
-1700
-200
1100
1600
1100
-700
-4700
11500
-22500
-39500
-64700
Average: -12881.81818
Count: 11
Sum: -1
Transcribed Image Text:Participants Fixed Cost Variable Cost Total Cost 1700 1700 1700 1700 1700 1700 1700 1700 0 100 200 300 400 500 600 700 800 900 1000 Sheet1 1700 1700 1700 + 0 500 1200 2700 5200 9000 15000 23800 36800 55800 83000 Shereeta Ashenfelter 0 TEXTERNALI Problem Set 1 Handout for St..... Wed 10/12 1700 2200 2900 4400 6900 10700 16700 25500 38500 57500 84700 Average Variable Cost Marg. Cost #DIV/0! 1700 5 6 9 13 18 25 34 46 62 83 5 7 15 25 38 60 88 130 190 272 TR $20 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 MR 0 20 20 20 20 20 20 20 20 20 20 TP -1700 -200 1100 1600 1100 -700 -4700 11500 -22500 -39500 -64700 Average: -12881.81818 Count: 11 Sum: -1
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