City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Cost Magic Lager 1,600 $1.50 Average Total Revenue $5,000 Quantity November Average Cost 1,000 $1.10 Total Revenue $7,000 Orange Stout 2,000 $0.75 $8,000 2,500 $0.50 $5,000 1-4 IPA 1,000 $1.25 $4,000 400 $1.00 $5,500 Eola Pilsner 400 $0.50 $5,000 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2.000 O $4,000 $10,000
City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Cost Magic Lager 1,600 $1.50 Average Total Revenue $5,000 Quantity November Average Cost 1,000 $1.10 Total Revenue $7,000 Orange Stout 2,000 $0.75 $8,000 2,500 $0.50 $5,000 1-4 IPA 1,000 $1.25 $4,000 400 $1.00 $5,500 Eola Pilsner 400 $0.50 $5,000 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2.000 O $4,000 $10,000
Chapter8: Monopoly
Section8.4: Comparing Monopoly And Perfect Competition
Problem 1YTE
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![City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table
showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for
the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both
months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable
version in another tab.]
October
Beer
Quantity
Average
Total
Cost
Revenue Quantity Cost
November
Average
Total
Revenue
Magic Lager
1,600
$1.50
$5,000 1,000 $1.10
$7,000
Orange Stout
2,000
$0.75
1-4 IPA
1,000
$1.25
Eola Pilsner
400
$0.50
$8,000
$4,000
$5,000
2,500
$0.50
$5,000
400
$1.00
$5,500
600
$0.40
$6,000
How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of
beer?
O More information is needed; specifically, the selling price of each beer must be known.
O $2,000
$4,000
O $10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31e3c492-88b3-483c-a3fc-8496ef3b21bb%2F1d48f4da-da37-4dc5-9160-f870653533bc%2Fc00xf5s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table
showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for
the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both
months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable
version in another tab.]
October
Beer
Quantity
Average
Total
Cost
Revenue Quantity Cost
November
Average
Total
Revenue
Magic Lager
1,600
$1.50
$5,000 1,000 $1.10
$7,000
Orange Stout
2,000
$0.75
1-4 IPA
1,000
$1.25
Eola Pilsner
400
$0.50
$8,000
$4,000
$5,000
2,500
$0.50
$5,000
400
$1.00
$5,500
600
$0.40
$6,000
How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of
beer?
O More information is needed; specifically, the selling price of each beer must be known.
O $2,000
$4,000
O $10,000
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