Question

Using this table, calculate the profit at each level of running shoe inserts production.

Answer 1

Answer:

23, 51, 80, 109, 137

Explanation:

Answer 2

Total revenue - Total cost : Profit

Pair 1

Total revenue = $30

Total cost = $7

Profit = $30 - $7 = $23

Pair 2

Total revenue = $ 60

Total Cost = $ 9

Profit = $ 60 - $ 9  = $ 51

Pair 3

Total revenue = $ 90

Total Cost = $10

Profit = $90 - $10  = $80

Pair 4

Total revenue = $120

Total Cost = $11

Profit = $120-$11 = $109

Pair 5

Total revenue = $150

Total Cost = $13

Profit = $150 - $13 = $137