Cost Revenue And Profit Table

Total revenue and total profit from selling 25 tables.

Cost revenue and profit table. Let s look at the following hypothetical firm s cost data. Combining revenue and costs in a table. Figure 2 1 graphs of revenue cost and profit functions for ice cream bar business at price of 1 50 provides graphs of the revenue cost and profit. In this section we will analyze a purely competitive firm s profit maximizing quantity based on data from a table.

Revenue is income cost is expense and the difference revenue cost is profit or loss. Once again put x 25. Ac c q is another interesting measure to track. Table 1 provides actual values for revenue cost and profit for selected values of the volume quantity q.

In the previous section we analyzed profit maximization by studying graphs. Figure 1 provides graphs of the revenue cost and profit functions. Table 2 1 revenue cost and profit for selected sales volumes for ice cream bar venture provides actual values for revenue cost and profit for selected values of the volume quantity q. This is calculated by dividing the total cost by.

The cost is the sum of the fixed and variable costs and the revenue is the. R x 200 x 200 25 5000. So the revenue is the amount you sell the tables for multiplied by how many tables.