2.4 Profit

Question 1

The profit when the company makes five widgets is .

Revolt · Accepted Answer

$30

Question 2

Ed's total production costs for one flower arrangement are .

Revolt · Accepted Answer

$22

Question 3

Ed's profit on each arrangement is .

Revolt · Accepted Answer

$23

Question 4

Use the information presented in the scenario and the drop-down menus to answer these questions.

Revolt · Accepted Answer

$45; Ed's revenue from selling his most popular arrangement is .: $45; Ed's total production costs for one flower arrangement are .: $22; Ed's profit on each arrangement is .: $23

Question 5

Use the information shown in the chart and the drop-down menus to answer these questions.

Revolt · Accepted Answer

$1.00; The marginal cost to produce the first pie is .: $1.00; The marginal cost for producing the fourth pie is .: $0.50; The difference in marginal cost between the production of the second pie and the seventh pie is .: $2.25

2.4 Profit Answers

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