Refer to the tables below to identify which of the below is correct. Select all statements that are true. Bags/ Particip

[answerhappygod]

Refer to the tables below to identify which of the below is
correct. Select all statements that are true.
Bags/
Participants
Fixed Cost
Variable Cost
Total Cost
Average Variable Cost
Marginal Cost
Total Revenue wt Price $20
Marginal Revenue
Total Profit
0
1700
0
1700
0
-1700
100
1700
500
2200
a
3a
2000
20
-200
200
1700
1200
2900
b
3b
4000
20
1100
300
1700
2700
4400
c
3c
6000
20
1600
400
1700
5200
6900
d
3d
8000
20
1100
500
1700
9000
10700
e
3e
10000
20
-700
600
1700
15000
16700
f
3f
12000
20
-4700
700
1700
23800
25500
g
3g
14000
20
-11500
800
1700
36800
38500
h
3h
16000
20
-22500
900
1700
55800
57500
i
3i
18000
20
-39500
1000
1700
83000
84700
j
3j
20000
20
-64700
Bags/ Participants
Fixed Cost
Variable Cost
Total Cost
Average Variable Cost
Marginal Cost
Total Revenue wt Price $20
Marginal Revenue
Total Profit
0
1700
0
1700
0
-1700
100
1700
500
2200
a
3a
2000
20
-200
200
1700
1200
2900
b
3b
4000
20
1100
300
1700
2700
4400
c
3c
6000
20
1600
400
1700
5200
6900
d
3d
8000
20
1100
500
1700
9000
10700
e
3e
10000
20
-700
600
1700
15000
16700
f
3f
12000
20
-4700
700
1700
23800
25500
g
3g
14000
20
-11500
800
1700
36800
38500
h
3h
16000
20
-22500
900
1700
55800
57500
i
3i
18000
20
-39500
1000
1700
83000
84700
j
3j
20000
20
-64700
Breakeven cannot be determined
The profit maximizing quantity of participants/bags is MR ≥ MC
300
The profit maximizing quantity of participants/bags MR ≤ MC
400
Using Qb = F/(MR – AVC) the breakeven quantity of
participants/bags is 113