| | Conrads Coffee (Page 266 Chapter 13) | | Class Example |
| | | | | | F+G | | | E/A | Chg in E | | B-E | C-I |
| | Quantity | Total Rev ($1.50 a cup) | Marginal Revenue | | Total cost | Fixed Cost | Var Cost | Avg Total costs | Marginal costs | | Profit | MR-MC | | Homework One Line 18 Lower price for cup to 1.40 |
| | | | | | $ 3.00 | 3.00 | | | | | $ (3.00) |
| | 1 | $ 1.50 | 1.50 | | $ 3.30 | 3.00 | 0.30 | 3.30 | 0.30 | | $ (1.80) | $ 1.20 | | Homework Two Line 34 Higher Fixed but lower Variable |
| | 2 | $ 3.00 | 1.50 | | $ 3.80 | 3.00 | 0.80 | 1.90 | 0.50 | | $ (0.80) | $ 1.00 |
| | 3 | $ 4.50 | 1.50 | | $ 4.50 | 3.00 | 1.50 | 1.50 | 0.70 | | $ - 0 | $ 0.80 |
| | 4 | $ 6.00 | 1.50 | | $ 5.40 | 3.00 | 2.40 | 1.35 | 0.90 | | $ 0.60 | $ 0.60 |
| | 5 | $ 7.50 | 1.50 | | $ 6.50 | 3.00 | 3.50 | 1.30 | 1.10 | | $ 1.00 | $ 0.40 |
| | 6 | $ 9.00 | 1.50 | | $ 7.80 | 3.00 | 4.80 | 1.30 | 1.30 | | $ 1.20 | $ 0.20 |
| | 7 | $ 10.50 | 1.50 | | $ 9.30 | 3.00 | 6.30 | 1.33 | 1.50 | | $ 1.20 | $ - 0 |
| | 8 | $ 12.00 | 1.50 | | $ 11.00 | 3.00 | 8.00 | 1.38 | 1.70 | | $ 1.00 | $ (0.20) |
| | 9 | $ 13.50 | 1.50 | | $ 12.90 | 3.00 | 9.90 | 1.43 | 1.90 | | $ 0.60 | $ (0.40) |
| | 10 | $ 15.00 | 1.50 | | $ 15.00 | 3.00 | 12.00 | 1.50 | 2.10 | | $ - 0 | $ (0.60) |
| | Homework #1 CUT PRICE TO $1.40 a cup |
| | Quantity | Total Rev ($1.40 a cup) | Marginal Revenue | | Total cost | Fixed Cost | Var Cost | Avg Total costs | Marginal costs | | Profit | MR-MC |
| | | | | | $ 3.00 | 3.00 |
| | 1 | $ 1.40 | 1.40 | | $ 3.30 | 3.00 | 0.30 | 3.30 | 0.30 |
| | 2 | | | | $ 3.80 | 3.00 | 0.80 | 1.90 | 0.50 |
| | 3 | | | | $ 4.50 | 3.00 | 1.50 | 1.50 | 0.70 |
| | 4 | | | | $ 5.40 | 3.00 | 2.40 | 1.35 | 0.90 |
| | 5 | | | | $ 6.50 | 3.00 | 3.50 | 1.30 | 1.10 |
| | 6 | | | | $ 7.80 | 3.00 | 4.80 | 1.30 | 1.30 |
| | 7 | | | | $ 9.30 | 3.00 | 6.30 | 1.33 | 1.50 |
| | 8 | | | | $ 11.00 | 3.00 | 8.00 | 1.38 | 1.70 |
| | 9 | | | | $ 12.90 | 3.00 | 9.90 | 1.43 | 1.90 |
| | 10 | | | | $ 15.00 | 3.00 | 12.00 | 1.50 | 2.10 |
| | Homework # 2 Higher Fixed cost (5.00 vs 3.00) but lower varibale costs |
| | Quantity | Total Rev ($1.50 a cup) | Marginal Revenue | | Total cost | Fixed Cost | Var Cost | Avg Total costs | Marginal costs | | Profit | MR-MC |
| | | | | | | 5.00 |
| | 1 | $ 1.50 | 1.50 | | | 5.00 | 0.15 |
| | 2 | $ 3.00 | 1.50 | | | 5.00 | 0.40 |
| | 3 | $ 4.50 | 1.50 | | | 5.00 | 0.75 |
| | 4 | $ 6.00 | 1.50 | | | 5.00 | 1.20 |
| | 5 | $ 7.50 | 1.50 | | | 5.00 | 1.75 |
| | 6 | $ 9.00 | 1.50 | | | 5.00 | 2.40 |
| | 7 | $ 10.50 | 1.50 | | | 5.00 | 3.15 |
| | 8 | $ 12.00 | 1.50 | | | 5.00 | 4.00 |
| | 9 | $ 13.50 | 1.50 | | | 5.00 | 4.95 |
| | 10 | $ 15.00 | 1.50 | | | 5.00 | 6.00 |
hhspph
Homework2017Class4Productiontable.xlsx
