The data in the table to the right give the total cost, C, and marginal cost, MC, for a firm at each possible level of output, q.

(Enter

all numeric responses using

integers.)

What is marginal revenue when the market price is

$54?

MR =

$5454.

What is marginal revenue when market price is

$42?

MR =

$4242

What happens to the firm's output choice and profit if the price of the product falls from

$54

to

$42.

If the market price falls from

$54

to

$42,

then the firm's output will

increase

decrease

from

nothing

units to

nothing

units.Further, profit will

increase

decrease

from

$nothing

to

$nothing.