Question: Question #1 2007 Profit (average price change) 1. A) Using the Excel workbook (Tab Change in Price 2007) Calculate the 2007 profit. - Calculate the

Question #1 2007 Profit (average price change)

1. A) Using the Excel workbook (Tab Change in Price 2007) Calculate the 2007 profit.

- Calculate the Labour Crew share (recall this expense category is variable - 31.1% of Gross Revenue)

b) Was the average firm profitable in 2007 because of the price increase? Explain why or why not. What was the profit or loss $ value?

Question #1 2007 Profit (average price change) 1. A) Using the

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