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LiRa [457]
4 years ago
3

Write three to five sentences explaining which levels of production provide Alonzo’s Cycling with the maximum profit.

Social Studies
2 answers:
Anni [7]4 years ago
8 0

Answer:

Based on the data in the graphs, Alonzo's Cycling should produce five or six bikes if it wants to maximize its profits. This is because the sixth bike is the point at which the marginal revenue matches the marginal cost. The company will make $90 in profit with the sale of its fifth or sixth bike each day. After that, the profit begins to fall with each sale.

Explanation:

i really need points

Leona [35]4 years ago
6 0
<span>Based on the data in the graphs, Alonzo's Cycling should produce five or six bikes if it wants to maximize its profits. This is because the sixth bike is the point at which the marginal revenue matches the marginal cost. The company will make $90 in profit with the sale of its fifth or sixth bike each day. After that, the profit begins to fall with each sale.</span>
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