Yesha’s Flower Shop offers different kinds of flower like roses, daisy and sunflower. Upon checking the profit of each item, daisy is the lowest last year (2020). She is thinking of stop offering daisy or continue it. The daisy flower has a fixed cost of Php 45 and has the following variable costs shown below. Worker No. of Daisy Flower Variable Cost 0 0 0 1 90 12 2 200 24 3 260 36 4 300 48 5 330 60 Compute the Total cost and Marginal cost for each worker. Compute the Total Revenue for each worker if the price is 0.35. Compute the Profit for each worker. What should be Yesha’s decision based on your answers?
Yesha’s Flower Shop offers different kinds of flower like roses, daisy and sunflower. Upon checking the profit of each item, daisy is the lowest last year (2020). She is thinking of stop offering daisy or continue it. The daisy flower has a fixed cost of Php 45 and has the following variable costs shown below. Worker No. of Daisy Flower Variable Cost 0 0 0 1 90 12 2 200 24 3 260 36 4 300 48 5 330 60 Compute the Total cost and Marginal cost for each worker. Compute the Total Revenue for each worker if the price is 0.35. Compute the Profit for each worker. What should be Yesha’s decision based on your answers?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Yesha’s Flower Shop offers different kinds of flower like roses, daisy and sunflower. Upon checking the profit of each item, daisy is the lowest last year (2020). She is thinking of stop offering daisy or continue it. The daisy flower has a fixed cost of Php 45 and has the following variable costs shown below.
Worker |
No. of Daisy Flower |
Variable Cost |
0 |
0 |
0 |
1 |
90 |
12 |
2 |
200 |
24 |
3 |
260 |
36 |
4 |
300 |
48 |
5 |
330 |
60 |
- Compute the Total cost and Marginal cost for each worker.
- Compute the Total Revenue for each worker if the
price is 0.35. - Compute the Profit for each worker. What should be Yesha’s decision based on your answers?
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