A gasoline seller incurs a cost of [tex]$2 for each gallon sold, with no fixed cost.

\begin{tabular}{lll}
Quantity (in gallons) & Price & Total Revenue \\
\hline
0 & $[/tex]\[tex]$8$[/tex] & [tex]$\$[/tex]0[tex]$ \\
5 & $[/tex]\[tex]$7$[/tex] & [tex]$\$[/tex]35[tex]$ \\
10 & $[/tex]\[tex]$6$[/tex] & [tex]$\$[/tex]60[tex]$ \\
15 & $[/tex]\[tex]$5$[/tex] & [tex]$\$[/tex]75[tex]$ \\
20 & $[/tex]\[tex]$4$[/tex] & [tex]$\$[/tex]80[tex]$ \\
25 & $[/tex]\[tex]$3$[/tex] & [tex]$\$[/tex]60[tex]$ \\
30 & $[/tex]\[tex]$2$[/tex] & [tex]$\$[/tex]35[tex]$ \\
35 & $[/tex]\[tex]$0$[/tex] & [tex]$\$[/tex]0$
\end{tabular}



Answer :

Sure, let's go through the solution step-by-step:

1. Given Data:
- The cost per gallon of gasoline is [tex]$2. - We have the following table with quantities (in gallons), prices, and total revenue: \[ \begin{array}{|c|c|c|} \hline \text{Quantity (in gallons)} & \text{Price} & \text{Total Revenue} \\ \hline 0 & \$[/tex]8 & \[tex]$0 \\ 5 & \$[/tex]7 & \[tex]$35 \\ 10 & \$[/tex]6 & \[tex]$60 \\ 15 & \$[/tex]5 & \[tex]$75 \\ 20 & \$[/tex]4 & \[tex]$80 \\ 25 & \$[/tex]3 & \[tex]$60 \\ 30 & \$[/tex]2 & \[tex]$35 \\ 35 & \$[/tex]0 & \[tex]$0 \\ \hline \end{array} \] 2. Calculate Total Cost: - The total cost for selling each quantity of gasoline can be calculated by multiplying the quantity by the cost per gallon. For each quantity: \[ \begin{align*} \text{Total Cost for 0 gallons} &= 0 \times 2 = \$[/tex]0 \\
\text{Total Cost for 5 gallons} &= 5 \times 2 = \[tex]$10 \\ \text{Total Cost for 10 gallons} &= 10 \times 2 = \$[/tex]20 \\
\text{Total Cost for 15 gallons} &= 15 \times 2 = \[tex]$30 \\ \text{Total Cost for 20 gallons} &= 20 \times 2 = \$[/tex]40 \\
\text{Total Cost for 25 gallons} &= 25 \times 2 = \[tex]$50 \\ \text{Total Cost for 30 gallons} &= 30 \times 2 = \$[/tex]60 \\
\text{Total Cost for 35 gallons} &= 35 \times 2 = \[tex]$70 \\ \end{align*} \] 3. Summarize the Result: - Now let's summarize all the calculations: \[ \begin{array}{|c|c|c|c|} \hline \text{Quantity (in gallons)} & \text{Price} & \text{Total Revenue (\$[/tex])} & \text{Total Cost (\$)} \\
\hline
0 & 8 & 0 & 0 \\
5 & 7 & 35 & 10 \\
10 & 6 & 60 & 20 \\
15 & 5 & 75 & 30 \\
20 & 4 & 80 & 40 \\
25 & 3 & 60 & 50 \\
30 & 2 & 35 & 60 \\
35 & 0 & 0 & 70 \\
\hline
\end{array}
\]

This table now includes the quantities, corresponding prices, total revenues, and total costs.