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Chapter 14 Section 3 Big Business and Labor Answer Key Form

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hi class in this we're gonna do number three on your chapters 14 homework um i tried it before one time i got a two so hopefully this time got it right um so the question says susan runs a small business the manufacturer teddy bear assumed that the market for teddy bear is competitive market and then the market price is 20 per teddy bear all right um now first is asking us to plot using the blue point to apply your total revenue so total revenue is your price times quantity um so let's do this one so for the first one when input is nothing you have nothing in revenue so zero times zero or zero times 20. and then next we're going to produce one unit so 1 times 20 that's your total revenue and then next one is 2 times 20 that's 40 and then 3 times 20 is 60. four times twenty eighty five times twenty one hundred six times twenty one twenty and then seven times twenty one forty all right uh and then use the blue one to plot the profit so for profit will be the difference between our total

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