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1. You own a firm that offers organic coconut oil. Your objective is to determine the number of coconut oil to be produced each month in order to maximize revenues. The table below shows the total benefits (revenues) and costs of producing various volumes of coconut oil. Control Variable (in Total Benefits Total Costs 500 ml bottle) B C 0 0 0 100 2000 100 200 3800 300 300 5400 600 400 6800 1000 500 8000 1500 600 9000 2100 700 9800 2800 800 10400 3600 900 10800 4500 1,000 11000 5500 A. Use the marginal analysis technique to determine the quantity of organic coconut oil that will maximize net benefits. Present results in table form and highlight the maximizing level. (10 points) B. Graphically illustrate letter B. Separate the graphs for TB - TC approach, MB = MC rule, and net benefit (maximum). The sequence of the graph: (1) TB - TC approach (topmost graph); (2) net benefit (middle graph); and (3) MB, MC, & MNB (last, 3rd graph). But be sure that the graphs are parallel in X- axis so as to be consistent in the results. (Label your graphs accordingly and appropriately.) (10 points)