# Managerial ECO week 5 quiz

Managerial ECO week 5 quiz. Bags

Fixed Cost

Variable Cost

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Total Cost

0

\$1,700

\$ –

\$1,700

100

\$1,700

\$500

\$2,200

200

\$1,700

\$1,200

\$2,900

300

\$1,700

\$2,700

\$4,400

400

\$1,700

\$5,200

\$6,900

500

\$1,700

\$9,000

\$10,700

600

\$1,700

\$15,000

\$16,700

700

\$1,700

\$23,800

\$25,500

800

\$1,700

\$36,800

\$38,500

900

\$1,700

\$55,800

\$57,500

1,000

\$1,700

\$83,000

\$84,700

Given the above information on cost, if you charge \$15 per entry, what is the breakeven quantity of bags that you should order?  Orders must be placed in blocks of 100 bags.

Please select any/all viable approaches below:

Use the profit maximizing rule, MR ≥ MC, buy 300 bags.

Use the profit maximizing rule, MR ≥ MC, buy 200 bags.

Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300.

Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.

Managerial ECO week 5 quiz