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Complete the following table of basic calculations. For Percent Contribution Margin, use MC. Round to table standard.



Price
Quantity Demanded
Total Revenue
Marginal Revenue
Variable Cost
Total Cost
Average Variable Cost
Marginal Cost
Profit
Percent Contribution Margin
18
600
10800

5210
5710
8.68

5090

17
a
11900
11
b
6140
8.06
4.30
5760
0.75
16
800
12800
9
6135
c
7.67
4.95
6165
d
15
900
13500
e
6700
7200
7.44
5.65
6300
0.62
14
1000
14000
5
7335
7835
f
6.35
6165
g
13
1100
14300
3
8060
8560
7.33
h
i
0.44
j
1200
14400
1
8900
9400
7.42
8.40
5000
0.30

Sagot :

The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.

How to calculate the values?

The price of J will be:

= Total revenue / Quantity demanded

= 14400/1200

= 12

The quantity demanded of A will be:

= Total revenue/Price

= 11900/17

= 700

The marginal revenue of E will be:

= (13500 - 12800)/(900 - 800)

= 700/100

= 7

The variable cost of B will be:

= 6140 - 500

= 5640

The total cost of C will be:

= 6135 + 500

= 6635

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