Question
Please answer the given problem below. Thank you!Problem:You are the manager of a firm that sells specialized natural-organic oil at 200,000 per truck load. Your
Please answer the given problem below. Thank you!Problem:You are the manager of a firm that sells specialized natural-organic oil at 200,000 per truck load. Your goal is to determine the discrete number of truck load of oil that must be produced each month in order to maximize profits. The total costs to your firm to produce the oil are given in thousand pesos. Based on this scenario, complete the table and construct the graphs.1.) construct graph #1 showing the total cost and total revenue and highlight the section in which the firm is maximizing profit.2.) construct graph #2 showing the Marginal revenue and marginal cost curves (let the horizontal axis of graph #1 to be parallel to the horizontal axis of the graph #2, with the same values of Q)
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