10. How much should Frostee's Doggie Donuts charge to maximize its revenue? 11. What is the maximum revenue for the price you listed for Question 10? 12. How much should Frostee's Doggie Donuts charge to maximize its profit?
10. How much should Frostee's Doggie Donuts charge to maximize its revenue? 11. What is the maximum revenue for the price you listed for Question 10? 12. How much should Frostee's Doggie Donuts charge to maximize its profit?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
10. How much should Frostee's Doggie Donuts charge to maximize its revenue?
11. What is the maximum revenue for the price you listed for Question 10?
12. How much should Frostee's Doggie Donuts charge to maximize its profit?
Transcribed Image Text:Marginal Cost
(first row
formula):
=sum (19-18)/(C9-
C8)
Marginal Revenue
(first row
formula):=
D8)/(C9-C8)
Price (taken
Quantity
from page (taken from
2)
Total
Total Fixed
Cost of
Total
Staff Cost
Total Cost
Profit
Revenue
Cost
Goods Sold Variable Cost
:=sum (D9
page 2)
$6,400 $6,700.00
$9,000 $6,700.00
$11,200 $6,700.00
$13,000 $6,700.00
$14,400 $6,700.00
$15,400 $6,700.00
$16,000 $6,700.00
$16,200 $6,700.00
$16,000 $6,700.00
$15,400 $6,700.00
$14,400 $6,700.00
$13,000 $6,700.00
$1,200
$1,800
$2,400
$3,000
$3,600
$4,200
$4,800
$5,400
$6,000
$6,600
$7,200
$7,800
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$16.00
$15.00
$800
$1,200
$8,700
$9,700
$10,700
$11,700
$12,700
$13,700
$14,700
$15,700
$16,700
$17,700
$18,700
400
-$2,300
600
-$700
$5.00
$13.00
$500
$11.00
$9.00
$7.00
$14.00
$5.00
$1,600
$2,000
$2,400
$2,800
$3,200
$3,600
$4,000
800
$13.00
$5.00
$1,300
$1,700
$1,700
$1,300
1000
$12.00
1200
$5.00
$11.00
1400
$5.00
$5.00
$10.00
$9.00
$8.00
$7.00
$6.00
1600
$5.00
$3.00
1800
$500
$5.00
$1.00
-$700
-$2,300
-$4,300
2000
$5.00
-$1.00
$4,400
$4,800
$5,200
2200
$5.00
-$3.00
$5.00
-$5.00
$12,000
$13,000
2400
$5.00
2600
$19,700
-$6,700
$5.00
-$7.00
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