Pricing and Demand: Economics worksheet Looking at 2-5/2-6 answer the following: 1) If every bar costs $.10 to produce, where is the maximum profit in pricing? 2) If for every 1,000 bars you produce the cost of production drops $.01, where is the maximum profit? 3) If an actor says that a Yum-Yum bar is his favorite and demand does up 500 bars at all prices, assuming 1 and 2 are still true, where is the maximum profit? Looking at figure 2-7 4) What could cause this change? 5) Recreate 2-5, using 2-7 as your data source 6) What would be the new answer to question number 1? Looking at figure 2-8 7) What could cause this change? 8) Where is the maximum profit on demand 2 ’s curve? 9) What would be the new answer to question number 1? Looking at figure 2-9 10) What could cause this change? 11) What would be the new answer to question number 1?
Looking at 2-5/2-6 answer the following:1) If every bar costs
$.10 to produce, where is the maximum profit in pricing?2) If for
every 1,000 bars you produce the cost of production drops $.01,
where is the maximum profit?3) If an actor says that a Yum-Yum bar
is his favorite and demand does up 500 bars at all prices, assuming
1 and 2 are still true, where is the maximum profit?Looking at
figure 2-74) What could cause this change? 5) Recreate 2-5, using
2-7 as your data source6) What would be the new answer to question
number 1?Looking at figure 2-87) What could cause this change?8)
Where is the maximum profit on demand2s curve?9) What would be the
new answer to question number 1?Looking at figure 2-910) What could
cause this change?11) What would be the new answer to question
number 1?
