261pts

The following table represents the MPG corporation's cost of making a gasoline additive. If the selling price of the gasoline additive is $10 per quart, what are the profits of MPG at its profit-maximizing output level?

Quantity	Total Cost	Marginal Cost
0	7
1	16	9
2	24	8
3	31	7
4	39	8
5	49	10
6	61	12
7	75	14

Group of answer choices

$1

$0

$49

$6

Flag question: Question 27Question 271pts

In the short run, a perfectly competitive firm should keep producing as long as ...

Group of answer choices

its marginal revenues are positive.

its total revenues are greater than its variable costs.

it is making an accounting profit.

it is making an economic profit.

Flag question: Question 28Question 281pts

Quantity Marginal Total Marginal Revenue Total Total Profit ($) of Cost Cost (= Price) Revenue ($) Lamps ($) ($) (S) 0 50 15 8 2 5 3 6 4 8 8 5 12Quantity Marginal Total Marginal Revenue Total Total Profit ($) of Cost Cost (= Price) Revenue ($) Lamps ($) ($) (S) 0 50 15 8 2 5 3 6 4 8 8 5 12