pro2.pdf - APEC 3002 Ruojia Li 1 Use Q to represent ACRES DE JKLLLL Qb = = = 50000 acres FGHIE JMGN a TR=QP=12Q TC=FC(AVC =150000 9Q b Problem Set 2 0

# pro2.pdf - APEC 3002 Ruojia Li 1 Use Q to represent ACRES...

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Unformatted text preview: APEC 3002 Ruojia Li 03/05/2016 1. Use “Q” to represent “ACRES” DE JKLLLL Qb = = = 50000 acres FGHIE JMGN a. TR=QP=12Q TC=FC+(AVC×) =150000+9Q b. Problem Set 2 0 500000 1000000 1500000 2000000 2500000 3000000 Breakeven Chart 20000 40000 60000 80000 100000 TC c. Π=TR-­‐‑TC=3Q-­‐‑150000 When Q1=60000, π1=30000 When Q2=120000, π2=110000 When Q3=180000, π3=390000 2. Use “Q” to represent “ACRES” a. TC=TR 1.689Q1.157+150000=12Q Use “solver” in Excel, we have: Q1=60098.971 acres , Q2= 155785.826 acres b. TC=1.689Q1.157+150000 TR=12Q 120000 140000 160000 180000 200000 TR c. Π=TR-­‐‑TC=12Q-­‐‑1.689Q1.157-­‐‑150000 When Q1=60000, π1=-­‐‑99.48182454 When Q2=120000, π2=18716.6729 When Q3=180000, π3=-­‐‑22263.12935 d. 0 500000 1000000 1500000 2000000 2500000 3000000 20000 40000 60000 80000 100000 TR 120000 140000 160000 180000 200000 TC ...
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• Spring '14
• Apland,Jeffrey