2 - Revenue: Marginal LEARNING OBJECTIVE: Interpret marginal revenue for a given situ Calculate Marginal Revenue when output rises from 250 to 320 pounds. Total Output (Q) Price per Pound Total Revenue (Pounds) ($1.33) (1) (2) (3) O $1.33 $0.00 100 $1.33 $133.00 250 $1.33 $332.50 320 $1.33 $425.60 380 $1.33 $505.40 420 $133 $558.60 430 $1.33 $57190 390 $133 $518.70 ( a.) $2.00 ( b.) $1.00 O c.) $1.33 ( d.) $1.67 javas ript.void(0) Sophia_Microecon....pdf~ [ Sophia_Microecon.Using the graph below, determine the profit-maximizing price and quantity to produce. Price MC $5 $4 MR $3 $2 $1 0 10 Quantity ( in units ) a.) Profit-maximizing pre- - Quantity to produce - 4 4 b.) Profit-maximizing price - $4 O Quantity to produce - 2 c.) Profit-maximizing price - $4 O Quantity to produce = = units d.) Profit-maximizing price Quantity to produce = 6 Sophia_Microecon....pdf Sophia_Microecon.. Milestone_4_MicrWhen will the firm pictured in the graph shut down? Price $ MC ATC P1 AVC P2 01 02 Quantity Produced ( a.) At sny price above 1 ( b.) At any price between P1 and P2 ( ) At any price below P2 ( d.) At any price below P1