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2. (Module 53) Use the numbers in the table below. Quantity Total Total Sold Revenue Cost 0 $0 4 1 15 20 2 30 27

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2. (Module 53) Use the numbers in the table below. Quantity Total Total Sold Revenue Cost 0 $0 4 1 15 20 2 30 27 3 45 36 4 60 47 5 75 61 6 90 78 7 105 98 8 120 122 a. Calculate the marginal revenue eamed from selling the third unit. b. Calculate the total profit eamed from selling four units. Show your work. c. Use marginal analysis to determine the level of output that maximizes profit for this firm. Explain your result

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