Sheet lec1 sol

Page 1

Chapter One SOLUTIONS 1a.

b.

2a.

b.

3a.

b. 4.

5. Revenue, cost, and profit ($1,000s)

250 200

Total Revenue

Break-even point

150 100

Total Cost

50

cf

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Volume, (v)

6. 150 125

(lbs.)

100

Total Revenue

Break-even point

75 50

Total Cost

25

cf

0 25

50

75 100 125 150 Volume, ($1,000s)

175

200


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