Question

jims widgets
widgets produced per day total cost marginal revenue profit
1 $15 $13
2 $18 $13 -$2
3 $20 $13 $5
4 $25 $13 $19
5 $35 $13 $27
6 $48 $13 $30
7 $68 $13 $23
jims widgets creates mecha in factories. use the table and the drop - d these questions. the profit when the company $30. to maximize profit, the comp six widgets per day. the companys profits would decrease by if the company made seven widgets.

Explanation:

Step1: Identify profit when 6 widgets are made

Profit when 6 widgets are made is $30.

Step2: Identify profit when 7 widgets are made

Profit when 7 widgets are made is $23.

Step3: Calculate decrease in profit

Decrease in profit = $30 - $23 = $7

Answer:

$7