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Please see image for question, thanks! 2. Your company has estimated its total cost to be TC = 47,000 + 30 + 0.016Q'; its marginal

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2. Your company has estimated its total cost to be TC = 47,000 + 30 + 0.016Q'; its marginal cost is thus MC = 3 +0.032Q, where Q is the quantity of units produced and TC is in dollars. Since your market is relatively competitive, your company is able to sell its output for $115.00 each (which thus yields MR = 115 and TR = 115Q). a. Produce a chart in Excel showing TC and TR with Q on the horizontal axis. Have Q go from 0 to 10,000 units (each row of your Q column can increase by a relatively large number so that your table isn't huge). Produce a second chart showing MC and MR with Q again on the horizontal axis. b. What is the optimal level of output for your company to produce/sell? What is the marginal revenue from the last unit sold? c. What are the total revenue, total cost, and profit (net benefitet revenue/etc.) from selling the optimal number of units? d. An eager intern at your company suggests that, since the company earns $115 revenue for each unit sold, then the company could make still more profit by selling more than the level chosen in part b; why would your company nor want to produce and sell more output than the level you chose in part b

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