Answer:
One bike: -$
30
Two bikes: $
3
Three bikes: $
40
Four bikes: $
70
Five bikes: $
90
Six bikes: $
90
Seven bikes: $
80
Step-by-step explanation:
trust me:)
The profit gotten at each level of production of the bicycles are respectively; -$30, $3, $40, $70, $90, $90, $80
From the attached table, we see three columns showing respectively;
Column 1; Units of bicycles produced per day
Column 2; Total Cost of the Units of bicycles produced per day
Column 3; Total revenue from the sale of the units of bicycles produced per day.
Now, to find the profit we will just subtract the cost of producing the given number of units from the total revenue from the sale of that specific unit produced.
For the level of 1 bicycle produced; Profit = $50 - $80 = -$30
For the level of 2 bicycles produced; Profit = $100 - $97 = $3
For the level of 3 bicycles produced; Profit = $150 - $110 = $40
For the level of 4 bicycles produced; Profit = $200 - $130 = $70
For the level of 5 bicycles produced; Profit = $250 - $160 = $90
For the level of 6 bicycles produced; Profit = $300 - $210 = $90
For the level of 7 bicycles produced; Profit = $350 - $270 = $80
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