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

$84

thousand.

q	C	MC
0	50
1	150	100
2	206	56
3	246	40
4	274	28
5	310	36
6	350	40
7	394	44
8	459	65
9	544	85
10	649	105
11	774	125

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?

1111

airplanes.

(Enter

your response using an

integer.)

What will be the firm's profit?

$negative 2525

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?

11

airplanes.

(Enter

your response using an

integer.)

What will be the firm's profit?

$166166

thousand.

(Enter

your response rounded to two decimal

places.)