Profit

Question 1

Using this table, calculate the marginal cost of each of these quantities of bikes.

Revolt · Accepted Answer

80; 20; 50; 60

Question 2

The fourth bike: $[___]

Revolt · Accepted Answer

20

Question 3

The sixth bike: $[___]

Revolt · Accepted Answer

50

Question 4

The seventh bike: $[___]

Revolt · Accepted Answer

60

Question 5

Five bikes: $[___]

Revolt · Accepted Answer

90

Question 6

Six bikes: $[___]

Revolt · Accepted Answer

90

Question 7

Seven bikes: $[___]

Revolt · Accepted Answer

80

Question 8

This graph shows the marginal cost of producing each bike. Select the correct answer from the options available.Based on this graph, which bike has a marginal cost of $20?

Revolt · Accepted Answer

Bike 4

Question 9

One bike: -$[___]

Revolt · Accepted Answer

-: 30; 3; 40; 70; 90; 80; 30

Question 10

This graph shows the marginal costs of each bike, along with the market price. Select the correct answer from the options available.Based on this graph, at which level of production does the producer’s profit stop increasing?

Revolt · Accepted Answer

bike 6

Profit Answers

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