MR 96 88 82 74 110 115 MC MR AC 11. What is the revenue when MR = 74? a. 8,140 b. 10,120 c. 10,560 d. There's not enough information to answer the question 12. What is the revenue at price level where P = 600? a. 8,140 b. 10,1560 c. 10,120 d. There's not enough information to answer the question 13. Suppose MR = 82 at Q=110, should the firm produce?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please kindly help me answer both. Thank you
P
MR
96
88
82
74
110 115
MC
MR
AC
11. What is the revenue when MR = 74?
a. 8,140 b. 10,120 c. 10,560 d. There's not enough information to answer the question
12. What is the revenue at price level where P = 600?
a. 8,140 b. 10,1560 c. 10,120 d. There's not enough information to answer the question
13. Suppose MR = 82 at Q=110, should the firm produce?
a. Yes b. No c. Maybe d. There's not enough information to answer the question
14. Should the firm produce when MR = 65?
a. Yes b. No c. Maybe d. There's not enough information to answer the question
15. What is the profit at MR = 74?
a. 75,500 b. 1,540 c. 1,880 d. There's not enough information to answer the question
Transcribed Image Text:P MR 96 88 82 74 110 115 MC MR AC 11. What is the revenue when MR = 74? a. 8,140 b. 10,120 c. 10,560 d. There's not enough information to answer the question 12. What is the revenue at price level where P = 600? a. 8,140 b. 10,1560 c. 10,120 d. There's not enough information to answer the question 13. Suppose MR = 82 at Q=110, should the firm produce? a. Yes b. No c. Maybe d. There's not enough information to answer the question 14. Should the firm produce when MR = 65? a. Yes b. No c. Maybe d. There's not enough information to answer the question 15. What is the profit at MR = 74? a. 75,500 b. 1,540 c. 1,880 d. There's not enough information to answer the question
Q
0
1
2
3
4
56
7
8
9
10
11
12
13
14
15
P
120
118
116
114
112
110
108
106
104
102
100
98
96
94
92
90
TR
0
118
232
342
448
550
648
742
832
918
1000
1078
1152
1222
1288
1350
MR
118
114
110
106
102
98
94
90
86
82
78
74
70
66
62
TC
400
425
446
465
485
506
528
554
586
625
677
740
814
899
997
1108
MC
Profit
Marginal
Profit
Transcribed Image Text:Q 0 1 2 3 4 56 7 8 9 10 11 12 13 14 15 P 120 118 116 114 112 110 108 106 104 102 100 98 96 94 92 90 TR 0 118 232 342 448 550 648 742 832 918 1000 1078 1152 1222 1288 1350 MR 118 114 110 106 102 98 94 90 86 82 78 74 70 66 62 TC 400 425 446 465 485 506 528 554 586 625 677 740 814 899 997 1108 MC Profit Marginal Profit
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