1. Profit and Loss Chart The profit and loss chart shows the revenue, costs, and profit of a business over a period of time. To create this chart for the first 100 units of clever wearable devices, we can plot the following values: - Revenue: $15,000 - Fixed Costs: $10,000 - Variable Costs: $5,000 - Profit: $0 I We can plot these values on a line graph with time on the x-axis and revenue, costs, and profit on the y-axis.
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- Complete the following table. Units TFC TVC TC AFC AVC AC MC 0 24 0 1 24 28 2 24 54 3 24 75 4 24 96 5 24 126 6 24 168 7 24 214 8 24 264. 2. Draw AFC, AVC, AC, and MC on a graph. 3. Explain the relationship between AC and MC kindly solve all the sub parts.Table 1. Hypothetical Cost Schedule Quantity TFC TVC TC 0 30 0 1 30 15 2 30 20 3 30 23 4 30 28 5 30 38 6 30 60 From the given table 1, show the graphical solution where quantity is the X-axis, and TFC, TVC, TC is the Y-axis and what does the graph impliesProblem 5: complete the following using the graph
- Need to explain these 3 graphs in own words. ( explain in short )Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.7. Advertising and Corporate Clusters Consider corporations that use advertising firms to develop marketing campaigns. Each corporation buys one campaign per year, and the cost per campaign is $120?n, where n ? the number of corporations in the cluster (and campaigns per year). The cost of labor per firm is $30 ? n. A corporation’s profit equals its total revenue of $200 minus the sum of its marketing and labor costs. There are two location options: an isolated site (n ? 1) or a cluster with up to five corporations. Use a graph like Figure 3–2 to show the profit gap (profit in cluster − profit in isolation) for one through five corporations. If initially all corporations are isolated and then one joins another to form a two-corporation cluster, other firms [will, won’t] have an incentive to join the cluster because.... In the long-run equilibrium, there will be a cluster of corporations, each of which will earn a profit of , differing from the profit of an isolated site by
- Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of M? a. $50 b. $140 c. $360 d. $410a. Complete the following table. Units TFC TVC TC AFC AVC AC MC 0 24 01 24 282 24 543 24 754 24 965 24 1266 24 1687 24 2148 24 264. b. Draw AFC, AVC, AC, and MC on a graph. c. Explain the relationship between AC and MC.Problem 4: use the graph for the following directions
- I am not sure how to start solving the M'. Need some guidance on this so I can also plot in a graph. TYComplete the following table. (2.5 Marks) Units TFC TVC TC AFC AVC AC MC 0 24 0 1 24 28 2 24 54 3 24 75 4 24 96 5 24 126 6 24 168 7 24 214 8 24 264 1)Draw AFC, AVC, AC, and MC on a graph 2)Explain the relationship between AC and MC.10. A VERY BRIEF EXPLANATION ( FEW WORDS/1-2 LINES/RELEVANT GRAPH) MUST BE PROVIDED FOR A TRUE (T) AS WELL AS A FALSE RESPONSE AS WELL.