Task: Fill in the missing data for price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC) profit (?) and marginal profit (M?) in the following table.
|
Q
|
P
|
TR
|
MR
|
TC
|
MC
|
π
|
M π
|
|
0
|
$230
|
$0
|
$--
|
$0
|
$-
|
$0
|
$-
|
|
1
|
210
|
|
|
10
|
|
200
|
|
|
2
|
|
380
|
|
|
20
|
|
150
|
|
3
|
170
|
|
130
|
|
30
|
450
|
|
|
4
|
|
600
|
|
100
|
40
|
|
50
|
|
5
|
130
|
|
|
160
|
60
|
490
|
-10
|
|
6
|
|
660
|
|
|
|
430
|
|
|
7
|
|
630
|
-30
|
310
|
|
|
-110
|
|
8
|
70
|
|
-70
|
400
|
90
|
160
|
-160
|
A. At what output (Q) Level is profit maximized?
B. At what out put (Q) level is revenue maximized?
C. Discuss any differences in your answers to Parts A and B.