solve the attached photo Question 2, Khalee LLC makes wall hangings and then sel

Question

solve the attached photo

Question 2, Khalee LLC makes wall hangings and then sells them door-to-doo Here is the relationship between the number of workers and Khaleejs output in a given day 0) Calculate the different costs and revenues for Khaleej LLC. (Show all calculations / working formula) (10 marks Output Total Total Profit Average Average Marginal (Units) cost revenue (OMR) variable total cost OMR) (OMR) cost cost OMR) (OMR) (OMR) 0 30 - 30 100 30 10 200 45 300 51 400 70 15 500 62 78 600 70 83 85 800 100 84 900 118 81 700

Explanation / Answer

No of Units Produced 900 Total Revenue 556 Total Variable Cost 118 Gross Profit 438 Fixed Costs 423 Profit 15 Fixed Costs = Gross Profit - Profit = 423 (438-15) Average Variable Cost Total Variable Cost 118 No of Units Produced 900 Per Unit Variable Cost           0.13 Average Total Cost Total Variable Cost 118 Fixed Costs 423 Total Cost 541 No of Units Produced 900 Per Unit Total Cost           0.60 Marginal Cost Formula Change in Costs/Change in Units Produced No of Units produced Total Cost Change in Cost Change in Units Average per unit cost 200 Units 30 30 200           0.15 300 Units 51 21 100           0.21 500 Units 62 11 200           0.06 600 Units 70 8 100           0.08 800 Units 100 30 200           0.15 900 Units 118 18 100           0.18

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