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ECON212Unit4IPPart1Template.xlsxUnit 4 IP Part 1 Template
| ECON212 Unit 4 Individual Project Template | ||||||
| Directions: Enter the prices in cells B8 through B18 and watch the table fill in. | ||||||
| Part 1 | ||||||
| Price | Quantity | Elasticity | Total Revenue | Total Cost | Economic Profit | |
| $10 | 35,000 | --- | $350,000 | $766,000 | ($416,000) | |
| $15 | 32,500 | 0.1852 | $487,500 | $716,000 | ($228,500) | |
| 40,000 | 0.1034 | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
| 40,000 | ERROR:#DIV/0! | $0 | $866,000 | ($866,000) | ||
