I need help with econ multiple hw questions asap!68)Refer to the attachedTable 3.1. If this firm chooses to maximize profit, it will choose a level of output where marginal cost is equal to what dollar amount? A. $8 B. $12 C. $10 D. $667) Refer to the attached Figure 19. In which panel is the firm making a loss? A. panel (b) B. panel (a) C. panel (c) D. both panels (b) and (c) Quantity Total RevenuesoTotal Cost$111016220223302944037550466056770678.80799092 (а)(b)(с)MCMCMCATCATCATCMRMRMR

Marginal revenue is equal to change in total revenue with respect to change in quantity. Marginal…

Answered: Quantity Total Revenue Total Cost $O $1…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I need help with econ multiple hw questions asap!

68)Refer to the attachedTable 3.1. If this firm chooses to maximize profit, it will choose a level of output where marginal cost is equal to what dollar amount?

A. $8
B. $12
C. $10
D. $6

67) Refer to the attached Figure 19. In which panel is the firm making a loss?

A. panel (b)
B. panel (a)
C. panel (c)
D. both panels (b) and (c)

Quantity Total Revenue
so
Total Cost
$1
1
10
16
2
20
22
3
30
29
4
40
37
5
50
46
60
56
7
70
67
8.
80
79
90
92

(а)
(b)
(с)
MC
MC
MC
ATC
ATC
ATC
MR
MR
MR

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