2. Consider the total cost and total revenue functions below for a production line, where production quantity varies between 1 and 15 units per hour: Total cost mction: TC(Q) = 0.25 + 0.102; Total revenue function: TR (Q) = 1.70, where Q =1, 2, 3, ..., 15. a. Fill out the blanks in the table below. (20 points: 5 points per column) + TC MC TR MR \\oooxloxLI-AwNHfQ ,_. O 11 12 13 14 15 Note: Q is output quantity units @er hour), TC is total cost (in dollars), MC is marginal cost (in dollars), is total revenue (in dollars), and MR is marginal revenue (in dollars). b. Plot the marginal cost and marginal revenues in a coordinate system. Put the variations in output quantity units on the horizontal axis. Put the variations in marginal revenue and marginal cost, both of which are measured in dollars, on the vertical axis. Put your plot below. (10 points) c. Using marginal analysis, nd the prot-maximizing output (Q *). Compute the amount of maximum prot (measured in dollars per hour). (7.5 points: 2.5 points for the prot-maximizing output and 5 points for maximum prot amount) (1. As noted previously, the above total cost and revenue functions are for one production line. Consider a production plant that has 100 production lines, working for 21 hours per day, 6 days per week, and 52 weeks per year. Compute the maximum annual prot for this production plant. (7.5 points)