Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product.

Find the total revenue and marginal revenue schedules for the firm and complete the following table.

Price	Quantity	Total Revenue	Marginal Revenue
($/Pound)	(Pound/Period)	($/Period)	($/Period)
50	0	0
36	1,000	36,000	36.00
32	2,000
28	3,000
24	4,000
20	5,000
16	6,000
12	7,000
8	8,000
4	9,000

Fixed costs of manufacturing beryllium are $14,000 per period. The firm's variable cost schedule is as follows:

Determine the average total cost and marginal cost schedules for the firm and complete the following table.

Output	Variable Cost	Total Cost	Marginal Cost
(Pound/Period)	(Per Pound)	($/Period)	($/Period)
0	0	0
1,000	20.00	34,000	34.00
2,000	17.00
3,000	14.66
4,000	12.50
5,000	10.80
6,000	10.00
7,000	10.28
8,000	11.76
9,000	14.00

Exotic Metals maximizes profits when the price is

per pound and the output level is

pounds per period.

What is Exotic's profit (or loss) at the profit-maximizing output level?

.

Suppose that the federal government announces it will sell beryllium, from its extensive wartime stockpile, to anyone who wants it at $11.96 per pound. Under these conditions, Exotic Metals maximizes profits by producing

pounds per period.