1. EXAMPLE 2-1 Fixed and Variable Costs
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2. EXAMPLE 2-1 (continued) Fixed and Variable Costs
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3. EXAMPLE 2-1 (continued) Fixed and Variable Costs
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4. EXAMPLE 2-1 (continued) Fixed and Variable Costs

5. EXAMPLE 2-2 Sunk Costs in Replacement Analysis

6. EXAMPLE 2-3 Opportunity Cost in Replacement Analysis

7. EXAMPLE 2-4 Optimal Demand When Demand Is a Function of Price
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8. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price
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9. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price
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10. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price
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11. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price
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12. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price
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13. EXAMPLE 2-4 (continued) Optimal Demand When Demand Is a Function of Price

14. EXAMPLE 2-5 Breakeven Point When Price Is Independent of Demand
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15. EXAMPLE 2-5 (continued) Breakeven Point When Price Is Independent of Demand
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16. EXAMPLE 2-5 (continued) Breakeven Point When Price Is Independent of Demand
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17. EXAMPLE 2-5 (continued) Breakeven Point When Price Is Independent of Demand

18. EXAMPLE 2-6 How Fast Should the Airplane Fly?
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19. EXAMPLE 2-6 (continued) How Fast Should the Airplane Fly?
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20. EXAMPLE 2-6 (continued) How Fast Should the Airplane Fly?
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21. EXAMPLE 2-6 (continued) How Fast Should the Airplane Fly?

22. EXAMPLE 2-7 Energy Savings through Increased Insulation
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23. EXAMPLE 2-7 (continued) Energy Savings through Increased Insulation
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24. EXAMPLE 2-7 (continued) Energy Savings through Increased Insulation
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25. EXAMPLE 2-7 (continued) Energy Savings through Increased Insulation

26. EXAMPLE 2-8 Choosing the Most Economic Material for a Part
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27. EXAMPLE 2-8 (continued) Choosing the Most Economic Material for a Part

28. EXAMPLE 2-9 Choosing the Most Economical Machine for Production
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29. EXAMPLE 2-9 (continued) Choosing the Most Economical Machine for Production
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30. EXAMPLE 2-9 (continued) Choosing the Most Economical Machine for Production
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31. EXAMPLE 2-9 (continued) Choosing the Most Economical Machine for Production

32. EXAMPLE 2-10 To Produce or Not to Produce?—That Is the Question
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33. EXAMPLE 2-10 (continued) To Produce or Not to Produce
EXAMPLE 2-10 (continued) To Produce or Not to Produce?—That Is the Question
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34. EXAMPLE 2-10 (continued) To Produce or Not to Produce
EXAMPLE 2-10 (continued) To Produce or Not to Produce?—That Is the Question

35. EXAMPLE 2-11 Investing in Electrical Efficiency
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36. EXAMPLE 2-11 (continued) Investing in Electrical Efficiency