Question

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

Pair 1: $

Pair 2: $

Pair 3: $

Pair 4: $

Pair 5:

Answer 1

I don’t have the table you mentioned. Could you paste or upload it? I need the price (or total revenue) and the cost(s) at each production level to compute profit.

Meanwhile, here are the steps and formula so you can check quickly:

- Total revenue (TR) at a given level = price per pair × number of pairs (or TR if the table already gives it).
- Total cost (TC) at that level = fixed cost + variable cost (or the TC value from the table).
- Profit = TR − TC.

Example (illustration only):
- If price = $40 per pair and TC values for pairs 1–5 are $25, $50, $70, $95, $125, then
- Pair 1: TR = 40×1 = 40 → Profit = 40 − 25 = $15
- Pair 2: TR = 40×2 = 80 → Profit = 80 − 50 = $30
- Pair 3: TR = 40×3 =120 → Profit = 120 − 70 = $50
- Pair 4: TR = 40×4 =160 → Profit = 160 − 95 = $65
- Pair 5: TR = 40×5 =200 → Profit = 200 − 125 = $75

Send the table and I’ll compute the exact profits for Pair 1–5.