Use the information presented in the scenario and the drop-down menus to answer these questions.

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.

Questions:
1. Ed's revenue from selling his most popular arrangement is .
2. Ed's total production costs for one flower arrangement are .
3. Ed's profit on each arrangement is __ .

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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