Question #5What is the MC=MR Profit Maximization point? What quantity should Delicious Deserts be producing at 'and' what price should they be charging to maximize their profits? Question #6Why isn't it a good idea for them to produce and sell as many cakes as they can? Is it more profitable to sell less cakes at this current stage of their business?Question #7Do you have any other recommendations for Delicious Deserts to increase their revenues, profits, market share, and client retention? The "A" student did a quarterly cost breakdown analysis for Delicious Deserts. A month-to-month analysis would have been better, but the owners just wanted a quick quarterly analysis. Q1= 150 cakes sold, Q2 = 300 cakes sold, Q3 = 450 cakes sold and Q4 = 475 sold.Quantity Sold150300450475Demand/Price $275$275$240$180$170MR$275$205$ 60($ 10)ATC$238$207$153$151MC$200$175$ 47$283TR$41250$72000$81000$80750TC$35750$62000$69000$76075Net Profit$ 5500$10000$12000$ 4675Challenge Question #4:Hint: Use the instructions on page 7 of the Excel 2016 handout.Can you plot a nice-looking graph to show how the demand curve, the average total cost,marginal cost, and marginal revenue curves look like? Paste it on this page or attach aseparate page to this homework.

PLEASE BE NOTED AS PER THE GUIDELINES I HAVE DONE THE FIRST THREE SUB-PARTS. PLEASE POST ANOTHER PART SEPARATELY. Given, Q1= 150 Q2= 300 Q3= 450 Q4= 475 1. Qty Price MR ATC MC TR TC Profit 1 0 275 - - - - - - 2 150 275 275 238 200 $41250 $35750 $ 5500 3 300 240 205 207 175 $72000 $62000 $10000 4 450 180 60 153 47 $81000 $69000 $12000 5 475 170 -10 151 283 $80750 $76075 $ 4675 2. MC=MR profit maximization point refers to the point on the graph where MC=MR and after that the profit of the firm starts to decline as shown in the picture below- According to the data given above the quantity to be produced will be 450 units and the price should be $180 because after this the firm's profits start to decline, that is MC>MR . 3. It is not a good idea to sell all those that they can produce as producing the limit above which we have more cost then it will result out in losses. Thus maximum production should be done till the time MR[ marginal revenue from each unit produced becomes zero] as after this value added to total production will start falling and maximum is earned when MR = MC.