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? Marginal Cost(first rowformula):=sum (19-18)/(C9-C8)Marginal Revenue(first rowformula):=D8)/(C9-C8)Price (takenQuantityfrom page (taken from2)TotalTotal FixedCost ofTotalStaff CostTotal CostProfitRevenueCostGoods Sold Variable Cost:=sum (D9page 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$18,700400-$2,300600-$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$4,000800$13.00$5.00$1,300$1,700$1,700$1,3001000$12.001200$5.00$11.001400$5.00$5.00$10.00$9.00$8.00$7.00$6.001600$5.00$3.001800$500$5.00$1.00-$700-$2,300-$4,3002000$5.00-$1.00$4,400$4,800$5,2002200$5.00-$3.00$5.00-$5.00$12,000$13,0002400$5.002600$19,700-$6,700$5.00-$7.00

Price times quantity gives the total revenue of a firm.

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?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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