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36 minutes, 08 seconds. Question Completion Status: QUESTION 3 The table represents the MPG corporation's costs of making quarts of gasoline additive. Note that MPG

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36 minutes, 08 seconds. Question Completion Status: QUESTION 3 The table represents the MPG corporation's costs of making quarts of gasoline additive. Note that MPG has total fixed costs of $7. Assume that the company can only produce whole numbers of output. Assume that MPG is a price-taking firm. Quantity Total Cost Marginal Cost 0 16 9 24 8 31 7 39 49 10 61 12 75 14 If the selling price of the gasoline additive is $7.50 per quart, what level of output would MPG produce if it used marginal analysis to maximize its profits? 0 4 O 1 O 2 O 3

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