3.For all next ten questions, consider the attached table, which describes the K

Question

3.For all next ten questions, consider the attached table, which describes the Kaener Firm, a profit-maximizing price taker. Use the information provided to fill in the requested blanks (you will not be asked to provide the values for all of them).

1.Enter the value for cell B.

2. Enter the value for cell D.

3.Enter the value for cell E.

4. Enter the value for cell H.

Enter only numbers, a decimal point, and/or a negative sign in your answer. Round your final answer to two decimal places as needed.

Q TC MC TR MR Profits 0 $30 - - - - H - - - - R 1 A $30 I M $0 2 B $40 $120 $60 S 3 $150 E J N T 4 C F K O $30 5 $280 G $300 P U 6 D $80 L Q V

Explanation / Answer

VALUE OF
1. B
=A+40
SINCE A=30+30=60
B=60+40=100

2.D
=280+80
=360

3.E
=150-B
=150-100
=50

4.
P=TR/Q
=120/2
=60
H=0*P=0

Q TC MC TR MR Profits P 0 30 - - - - 0 - - - - -30 1 60 30 60 60 0 2 100 40 120 60 20 60 3 150 50 180 60 30 4 C F 240 60 #VALUE! 5 280 G 300 60 20 6 360 80 360 60 0

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