Question 1 (1 point)

Refer to the table below.

Quantity	Variable Cost (in dollars)	Fixed Costs (in dollars)	Total Costs (in dollars)	AverageVariable Costs (in dollars per unit)	Average Total Costs (in dollars per unit)	Marginal Costs (in dollars per unit)
0	0	40	40	- -	- -	- -
1	15	40	55	15	55	15
2	35	40	75	17.5	37.5	20
3	60	40	100	20	33.3	25
4	90	40	130	22.5	32.5	30
5	125	40	165	25	33	35
6	160	40	200	26.6	33.3	35

If the firm produces 5 units that it sells at a price of $30.00 each, what will its profits or losses equal?

Question 1 options:

a)	losses equal $15

b)	losses equal $25

c)	profits equal $15

d)	profits equal $25