Calculate the store total revenue, total profit

Assignment Help Microeconomics

Reference no: EM13937554

The table below depicts the prices and total costs a local? used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit?(Enterall values rounded to the nearestpenny.?)

Output	Price per Book? ($)	TotalCosts? ($)	TotalRevenue? ($)	TotalProfit? ($)	Marginal Revenue? ($)	MarginalCost? ($)
0	8.008.00	2.002.00	nothing	nothing	minus-	minus-
1	7.757.75	5.255.25	nothing	nothing	nothing	nothing
2	7.507.50	7.507.50	nothing	nothing	nothing	nothing
3	7.257.25	9.609.60	nothing	nothing	nothing	nothing
4	7.007.00	12.1012.10	nothing	nothing	nothing	nothing
5	6.756.75	15.6015.60	nothing	nothing	nothing	nothing
6	6.506.50	19.7519.75	nothing	nothing	nothing	nothing
7	6.256.25	24.5024.50	nothing	nothing	nothing	nothing

Reference no: EM13937554

Questions Cloud

What is the par value of the preferred stock : What is the par value of the preferred stock? If the total annual dividend on preferred stock is $24,000, what is the dividend rate on preferred stock?

Write print out average of numbers : Im having trouble writing a program that uses functions. the program uses data from a data file ("numbers.dat") and is to be written to an output file ("output2.dat").

What is the maximum price acquirer should be willing to pay : A sporting goods manufacturer has decided to expand into a related business. Management estimates that to build and staff a facility of the desired size and to attain capacity operations would cost $430 million in present value terms. What is the max..

Perfect cubes in two ways : Smallest x = sum of 2 perfect cubes in two ways

Calculate the store total revenue, total profit : The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers...

Medication therapy for an elderly person : Describe in detail 3 ways that medication therapy for an elderly person is different than a younger or middle-age client

Write a c program for word game for a given name of word : Write a C++ Program for word game for a given name of word and profession. The program should ask user for name, age, city, college, profession, animal, and pet name to print the statement.

Calculate the holding-period returns : The following are end of the month prices for both the Standard & Poors 500 Index and Nike's Common stock. Using the data here calculate the holding-period returns, the average monthly return and the standard deviation for both the S&P 500 and Nike.

Calculate the projects internal rate of return : S. Miller is looking to expand an existing project. The expansion requires an immediate investment of $73 million. S. Miller anticipates that the project will generate one future cash flow of $200 million that will arrive at the end of year 6, and on..

User Account

All Pages