Question

(i) On one set of axes plot the 2 curves of: total sales revenue' against volume of sales total costs' against volume of sales' The volume of sales' should be on the x-axis (values from 20 to 26). (ii) On a second set of axes plot the 3 graphs: marginal cost' against volume of sales marginal revenue' against volume of sales 'price' against 'volume of sales Again the 'volume of sales' should be on the x-axis (values from 20 to 26) Price Volume ofTotal sales revenueMarginal revenue Sales 76 21 836 884 60 56 26 896 TABLE I Price Volume of Total costs Sales Marginal cost 720 728 740 756 776 800 828 76 72 0 23 24 16 56 24 TABLE 2 Price Volume of Total sales revenueTotal cost Sales Profit 76 72 68 21 728 740 756 776 800 828 124 24 120 100 68 60 26 TABLE 3

Answer 1

700+ 880 860 8y0 Total Sales Revenue cur ve 8 oo s 780 60 40 屮 구RD 20 22 24 Volume sales

go 70 50 Psice 40 maxginal Cosx curve F 30 101 5 Volume ot sales marginal Revenue