Eastern Utilities find that if they charge $0.7866 per CCF (cubic hundred feet), they will sell 1200 thousand CCF. If they charge $0.4601 per CCF, they will sell 1850 thousand CCF. Eastern Utilities also has data showing that their production costs are $675 thousand for 800 thousand CCF and $725 thousand for 925 thousand CCF. Show a profit/loss analysis including a graph for Eastern Utilities at these selling prices and production costs.

Answer rating: 100% (QA)

Computation of Fixed and Variable cost Total Cost for 800000 CCF 675000 Total Co... View the full answer