Consider total cost and total revenue given in the following table: In the final column, enter profile for each quantity (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.) Total Cost Marginal Cost Total Revenue Marginal Revenue Profit Quantity (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) O 6 0 1 8 Z 2 10 14 3 21 13 17 4 28 5 24 35 6 32 AA 42 7 42 49 In order to maximize pront, how many units should the firm produce? Check all that apply. 5 In the previous table, enter marginal revenue and marginal cost for each quantity On the following graph, use the green points (triangle symbol) to graph the marginal revenue curve, then use the orange points (square symbol) to North matchive Notegintolat frontonlahtanto pior between inters For evamate the marginal cost ofingen On the following graph, use the green points (triangle symbol) to graph the marginal-revenue curve, then use the orange points (square symbol) to plot the marginal-cost curve. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from runt to 2 units is $5, then you would plot a point at(1.5,5)) Marginal Revenue -O- Marginal Cost Revenue and Costs 3 2 less than 4 units 1 of 4 units 0 between 4 and 5 units Quantity of 5 units greater than 5 units The marginal revenue curve and the marginal cost curve cross at a quantity This firm in a competitive industry, because marginal revenue is as quantity increases The industry in a long-run equilibrium