How do I plot the demand and marginal revenue curves for the quantity of 2700? T
ID: 363458 • Letter: H
Question
How do I plot the demand and marginal revenue curves for the quantity of 2700?
Text
Base cost
$ 200.00
Composition
1305.90
Stock
774.50
Press
740.40
Ink
22.34
Art
40.00
Cuts
64.66
Misc.
36.50
Overhead (15 % of above excluding base cost)
447.65
TOTAL TEXT COSTS
$3631.95
Jacket, Glossy
Composition
13.00
Stock
$28.50
Press
58.30
Ink
7.26
Art
110.94
Cuts
39.00
Overhead (15% of Above)
38.55
Total Jacket Covers
(1000)
$295.55
Binding (1,000 copies)
524.00
Freight
100.00
Total Cost
$4551.50
Text
Base cost
$ 200.00
Composition
1305.90
Stock
774.50
Press
740.40
Ink
22.34
Art
40.00
Cuts
64.66
Misc.
36.50
Overhead (15 % of above excluding base cost)
447.65
TOTAL TEXT COSTS
$3631.95
Jacket, Glossy
Composition
13.00
Stock
$28.50
Press
58.30
Ink
7.26
Art
110.94
Cuts
39.00
Overhead (15% of Above)
38.55
Total Jacket Covers
(1000)
$295.55
Binding (1,000 copies)
524.00
Freight
100.00
Total Cost
$4551.50
Explanation / Answer
So we get the variable and fixed costs:
And so there are 2 fixed components and 2 variable components.
So the plot will have those fixed as constant and then have variable per units as per the units.
Text For 1000 1500 2000 2700 Base cost 200 Composition 1305.90 Stock 774.5 Press 740.4 Ink 22.34 Art 40 Cuts 64.66 Misc. 36.5 Overhead (15 % of above excluding base cost) 447.65 TOTAL TEXT COSTS 3631.95 Fixed 3631.95 3631.95 3631.95 3631.95 Jacket, Glossy Per unit Composition 13 Stock 28.5 Press 58.3 Ink 7.26 Art 110.94 Cuts 39 Overhead (15% of Above) 38.55 Total Jacket Covers 295.55 0.29555 Var 1 295.55 443.325 591.1 797.985 Binding (1,000 copies) 524 0.524 Var 2 524 786 1048 1414.8 Freight 100 Fixed 100 100 100 100 Total Cost 4551.5 Total cost 4551.5 4961.275 5371.05 5944.735 1000 1500 2000 2700Related Questions
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