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

1 pair = 23

2 pair = 51

3 pair - 80

4 pair - 109

5 pair = 137

Explanation:

Answer 2

1 pair = 23

2 pair = 51

3 pair - 80

4 pair - 109

5 pair = 137

Explanation:

Profit = Total revenue - total cost

If we make 1 pair of running shoe inserts

Profit = 30-7 =23

If we make 2 pairs of running shoe inserts

Profit = 60-9 =51

If we make 3 pairs of running shoe inserts

Profit = 90-10 =80

If we make 4 pairs of running shoe inserts

Profit = 120-11 =109

If we make 5 pairs of running shoe inserts

Profit = 150-13 =137