Show all the necessary steps and/or reasoning that lead to your answers.

1 A) Use the following to calculate profit at each quantity of output

(Total) Output Price Total revenue Total cost Marginal Marginal (0) (P) (TR) (TC) revenue cost $1,900 SO $1,000 1 $1,700 $1,700 $2,000 2 $1,650 $3,300 $2,800 3 $1,600 $4,800 $3,500 4 $1,550 $6,200 $4,000 5 $1,500 $7,500 $4,500 6 $1,450 $8,700 $5,200 7 $1,400 $9,800 $6,000 8 $1,350 $10,800 $7,000 9 $1,300 $11,700 $9,000\fGeneral Barclays Microsoft Motors Bank Sales $50,091 5730 2750 Wages and salaries 29052 3932 400 cost of equity capital 12100 750 35 interest on debt 7585 275 5 cost of materials 6500 556 1650