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Mr. Weiss

This document focuses on the analysis of changing variable and fixed costs in a production context, specifically highlighting their impact on profit maximization. It provides a structured approach to fill in data regarding output and pricing based on varying cost scenarios. The exercise involves determining optimal outputs and prices using different fixed and variable cost combinations, facilitating a deeper understanding of cost behavior in profit maximizing strategies.

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Mr. Weiss

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  1. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost Throughout this problem set, assume that the product can only be sold in whole parts. 1. Fill in the blanks in the table.

  2. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost 2. Using fixed cost 1 and variable cost 2, what is the profit maximizing output and price? 3. Using fixed cost 2 and variable cost 1, what is the profit mazimizing output and price?

  3. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost 4. Using fixed cost 1 and variable cost 2, what is the profit maximizing output and price? 5. Using fixed cost 2 and variable cost 2, what is the profit maximizing out put and price?

  4. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost 2. Using fixed cost 1 and variable cost 2, what is the profit maximizing output and price? 5 Units – 7 Dollars 3. Using fixed cost 2 and variable cost 1, what is the profit mazimizing output and price? 5 Units – 7 Dollars

  5. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost 4. Using fixed cost 1 and variable cost 2, what is the profit maximizing output and price? 4 Units – 8 Dollars 5. Using fixed cost 2 and variable cost 2, what is the profit maximizing out put and price? 4 Units – 8 Dollars

  6. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost

  7. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost

  8. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost

  9. Mr. Weiss Section 12 – Module 67 – Changing Variable and Fixed Cost

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