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VWO 4 Summary Markets
Turn-over AKA Revenue
The profit over one more item you produce.
Total profit
Break-even point
p*Q
MR - MC
Average profit * Q
TR - TC
The point where TC=TR
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Slide 1:
Drag question
Economie
Middelbare school
vwo
Leerjaar 4
This lesson contains
13 slides
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interactive quizzes
and
text slides
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Lesson duration is:
45 min
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Items in this lesson
Turn-over AKA Revenue
The profit over one more item you produce.
Total profit
Break-even point
p*Q
MR - MC
Average profit * Q
TR - TC
The point where TC=TR
Slide 1 - Drag question
FloxVision
FloxVision sells the product Flox for €5. There are proportional variable costs of €2,50.
Production capacity is 80,000
Fixed costs are €1.25 per piece at capacity.
Draw: TR, TFC, TVC,TC, Total Profit
Slide 2 - Slide
What is break-even quantity produced?
A
40,000
B
60,000
C
80,000
D
125,000
Slide 3 - Quiz
What is break-even turn-over AKA revenue?
A
20,000
B
40,000
C
120,000
D
200,000
Slide 4 - Quiz
When is profit maximum?
A
Q = 0
B
Q = 40,000
C
Q = 80,000
D
We cannot tell
Slide 5 - Quiz
At which price should FloxVision immediately stop producing?
And in the long-term?
A
If p <€2.50 and if p<€3.75
B
If p <€3.75 and if p<€3.75
C
If p <€2.50 and if p<€2.50
D
If p <€3.75 and if p<€2.50
Slide 6 - Quiz
Key points
Break-even point is point where profit is 0, so TR = TC.
Profit is maximum when MR = MC.
Total profit is TR - TC.
Shut-down happens when price is below average variable costs.
Slide 7 - Slide
Slide 8 - Slide
A
TC = 150,000 + 50Q
B
TC = 150,000 + 80Q
C
TC = 150,000 + 130 Q
D
TC = 150,000
Slide 9 - Quiz
A
TR = 50
B
TR = 80
C
TR = 50Q
D
TR = 80Q
Slide 10 - Quiz
A
TP = -90,000
B
TP = 90,000
C
TP = 180,000
D
TP = 640,000
Slide 11 - Quiz
A
2,307.7
B
1,875
C
10,000
D
12,307.7
Slide 12 - Quiz
Last Practice
Questions?
3.28 (alone and in silence)
Slide 13 - Slide
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