A factory supervisor faces the following table: Quantity of laptops Labour cost ($) Rental of factory equipment ($) Price per laptop ($) Average cost Total profit
1 1 10 9 2 4 10 9 3 9 10 9 4 16 10 9 5 25 10 9 6 36 10 9 7 49 10 9 The 5th and 6th columns of the table is deliberately left empty. Calculate the average cost associated with each level of production and complete the 5th column of the above table (14 marks) Calculate the profits associated with each level of production, and complete the 6th column of the table (21 marks) Identify which production level maximises profits .