The marginal revenue for Lily's home made picnic blankets is $22 and costs are as shown below. TC O O $10 $20 N $25 W $35 A $51 $75 $100 $128 8 $158 A profit-maximizing firm should produce: O three blankets O seven blankets O four blankets O six blankets O no blankets O five blankets O two blankets O one blanket O eight blanketsVyom has a lemonade stand selling premium lemonade. Here is some cost data based on cups sold ... There are multiple questions based on this data so take a minute to figure things out # cups (Q) TVC MC AVC TFC TC ATC O n/a n/a n/a 10 9 40 18 5 13 What is ATC when Q = 2? O 22 O 29 O 14 O 10 O 30If the price of a Foothill Spring Latte equals $4.90 in perfect competition Supporting Materials Figure 21.1 Price or Cost MC (dollars/bushel) ATC b 4.90 C /AVC 3.90 de g 3.10 h i k l m 1.90 n 1.10 P 0 13 18 24 37 46. 50 54 Quantity (thousands of bushels/year) O The firm would produce 50 units for a positive economic profit (need more information to estimate actual profits) The firm would produce 50 units for $0 economic profit O The firm would produce 24 units for a normal profit The firm would produce 54 units for a profit of about $264.60 O The firm would produce 54 units for a profit of about $54