Cost Revenue And Profit Worksheet Answers

A detailed worksheet that covers many exam style questions on calculating profit.

Cost revenue and profit worksheet answers. If the cost per item is fixed it is equal to the cost per item c times the number of items produced x or c x c x. A resource to give students practice at calculating revenue costs and profit. Questions microeconomics with answers 4 cost and revenue 01 total and marginal cost quantity q average cost 5 12 6 14 calculate. Find the revenue function.

Since the manufacturer sells the jerseys for 90 each the revenue function is b find the profit function. Eventually students will calculate profit and suggest how this can be improved. 4 9 31 customer reviews. Profit is defined to be revenue minus cost so the profit function is.

A fun worksheet examining a start up company making sausages. 03 average and marginal cost 2. Solving problems involving cost revenue profit the cost function c x is the total cost of making x items. More resources available from www justifiedresources co uk.

à total cost for q5 and q6 marginal cost between q5 and q6 02 average and marginal cost 1 quantity 8 32 total cost draw a graph showing average and marginal cost. A resource to give students practice at calculating revenue costs and profit. Its cost in dollars for a run of hockey jerseys is a gymnast clothing sells the jerseys at 90 each. Students need to identify different types of costs calculate revenue and costs then go onto look at how revenue changes due to a change in price.

Costs and profit question sheet with answers.