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Answer :
Final Answer:
1. Ed's revenue from selling his most popular arrangement is $45.
2. Ed's total production costs for one flower arrangement are $22.
3. Ed's profit on each arrangement is $23.
Explanation:
In the first step, Ed's revenue from selling his most popular arrangement is $45. This is the price at which he sells the arrangement to customers.
In the next step, Ed's total production costs for one flower arrangement are $22. This cost includes the $5 for materials, $12 for the employee's labor, and an additional $5 to cover expenses like rent and electricity.
Finally, Ed's profit on each arrangement is $23. This is calculated by subtracting the total production costs of $22 from the revenue of $45. This represents the amount Ed earns from each arrangement after covering all expenses, and it is his profit.
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