Problem
Suppose that Katy sells egg rolls. The total cost of production, based on the number of egg rolls produced, is shown in the following table.
|
Number of egg rolls
|
Total cost ($)
|
|
1
|
8
|
|
2
|
10
|
|
3
|
13
|
|
4
|
18
|
|
5
|
25
|
|
6
|
34
|
|
7
|
45
|
Suppose that the price is $6. Assuming profit maximization, how many egg rolls will Katy sell?