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2 of 10 (9 complete) Score: 0.25 of 1 pt Concept Question 2.4 Suppose a large corporation produces airplanes in a perfectly competitive industry. The

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2 of 10 (9 complete) Score: 0.25 of 1 pt Concept Question 2.4 Suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following table give information about the cost of producing a particular type of airplane (in thousands), where quantity is q, total cost is C, and marginal cost is MC. Airplanes sell for $160 thousand. C MC 100 300 200 412 112 492 80 548 56 SOOO VOU AWN- O A 620 72 700 80 788 88 933 145 1123 190 1358 235 1638 280 Suppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the company manager's goal is to maximize revenue, how many airplanes will the firm produce? 11 airplanes. (Enter your response using an integer.) What will be the firm's profit? $ 122 thousand. (Enter your response rounded to two decimal places.) Suppose instead that the manager's goal is to maximize profit. If so, then how many airplanes will the firm produce? |airplanes. (Enter your response using an integer.)

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