Profit

Question 1

Ed's revenue from selling his most popular arrangement is .

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

Revolt · Accepted Answer

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

Question 5

The marginal cost to produce the first pie is .

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

Question 6

The profit when the company makes five widgets is .

Revolt · Accepted Answer

$30; The profit when the company makes five widgets is .: $30; To maximize profit, the company should produce widgets per day.: six; The company's profits would decrease by if the company made seven widgets.: $17

Question 7

The marginal cost for producing the fourth pie is .

Revolt · Accepted Answer

$0.50

Question 8

To maximize profit, the company should produce widgets per day.

Revolt · Accepted Answer

six

Question 9

The difference in marginal cost between the production of the second pie and the seventh pie is .

Revolt · Accepted Answer

$2.25

Question 10

The company's profits would decrease by if the company made seven widgets.

Revolt · Accepted Answer

$17

Profit Answers

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