Scenario:Ed is the proud new owner of a flower shop. His most popular arrangement sells for $45. Ed has determined that the cost of materials for this flower arrangement is $5. Ed has also determined that it takes his employee about one hour to complete one arrangement, and this employee is paid $12 per hour. Additional costs include $5 per arrangement to cover such expenses as rent and electricity.
Use the information presented in the scenario and the drop-down menus to answer these questions.
Ed's revenue from selling his most popular arrangement is.
Ed's total production costs for one flower arrangement are.
Ed's profit on each arrangement is
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