Suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following table give information about the cost of producing a particular type of airplane (in thousands), where quantity is q, total cost is C, and marginal cost is MC. Airplanes sell for $108 thousand. C MC 200 300 100 356 56 396 40 424 28 NOUPON 460 36 500 40 544 44 8 614 70 9 709 95 10 829 120 11 974 145 Suppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the company manager's goal is to maximize revenue, how many airplanes will the firm produce? 11 airplanes. (Enter your response using an integer.) What will be the firm's profit? $ 214.00 thousand. (Enter your response rounded to two decimal places.) Suppose instead that the manager's goal is to maximize profit. If so, then how many airplanes will the firm produce? |airplanes. (Enter your response using an integer ) Etext pages Grapher Get more help Next