Content X Bb 21490278 X Computer exercise 2.docx X Lab 2 - Marginal Analysis X & https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5cc71db6522fe/21490278?X-... To To G Discussion Presenta.. E (VST PLUGINS-DO. Practice Dashboard... C 6 Given that Hy = x... G Syphax | Military Wi... Sylenth1 (Win) - VS.. Output - Exhale (K. Other favorites c) Draw and format a graph in EXCEL of the Revenue and Costs curves similar to those provided in Figure 1. Figure 1. Revenue and Cost $700 - $600 $500 $400 $300 $200 $100 so 2 9 10 Quantity -Revenue ($000) - Cost ($000s) Hints: After clicking on the graph, click the plus sign icon to the right of the graph and un- select the Gridlines box. Right click the x-axis and click Format Axis. Under Tick Marks select Major Type: 'Outside". Under Axis Option and Axis Position select "On tick marks". Also, make sure that your graph has the Legends, Axis titles, and Chart title. To get the x-axis numbers to match the data in the table, click on the graph and under the Chart Design tab at the top of the workbook, click Select Data. Under Horizontal Axis Labels click Edit. Next, for the Axis Label Range select the cells in the Quantity column from 0 to 10. Hit OK then OK again. d) Look at the Figure you created. What is the approximate optimal quantity of production? ) Look at the table you created. If we could only produce at whole numbers, what is the optimal quantity of production? How do you choose this quantity? ) Create another row with Q=11. Make su the formulas in Price, Revenue, Cost, and Profit are copied correctly. Use your spreadsheet's optimizer to calculate the firm's profit-maximizing quantity and keep the solver solution. To optimize use Excel's optimizer called "Solver" - Click the Data Menu, Solver, choose the profit cell as your Target Cell (what you are maximizing/optimizing) and choose the quantity cell as the Changing Cell then click solve. Select "Keep Solver Solution". Type here to search O 159 ? 2:05 PM 11/28/2021