1. Complete the table below by computing for:
   1. Total revenue
   2. Average revenue
   3. Marginal revenue
   4. Average total cost
   5. Economic profit (+) or Loss (-)
   6. Marginal cost

Quantity	Price	Total Revenue	Average Revenue	Marginal Revenue	Total Cost	Average Total cost	Economic profit (+)/ Loss (-)	Marginal Cost
0	11				4
1	10				8
2	9				12
3	8				16
4	7				18
5	6				20
6	5				24
7	4				23
8	3				22

1. Identify the most profitable output using the TR - TC and MR = MC approaches.
2. Plot the demand curve, marginal revenue, marginal cost and average total cost curves on a single graph and identify the economic profit area on the same graph.