The Output, Revenue and Cost data in the table below applies to a hypothetical market gardening firm supplying produce to a local farmer's market.

1. Fill in the blanks in the table below where a $ is indicated. (Round all numbers to 2 decimals).

Profit-Maximization Table for a Market Gardener
Price ($ per kg)	Q (kg per month)	TR ($)	TC ($)	MR ($ per kg)	MC ($ per kg)	ATC ($ per kg)	Profit/Loss ($)
	0	$	$18				$
				$	$
$0.48	100	$	$41			$	$
				$	$
$0.48	200	$	$57			$	$
				$	$
$0.48	300	$	$77			$	$
				$	$
$0.48	400	$	$106			$	$
				$	$
$0.48	500	$	$145			$	$
				$	$
$0.48	600	$	$199			$	$
				$	$
$0.48	700	$	$294			$	$
				$	$
$0.48	800	$	$501			$	$

1. Determine the firm's profit-maximizing output using the Total Revenue-Total Cost method. Show your calculations (in the spaces provided) for the following:

a. Price * Quantity sold to calculate your Total Revenue

b. Fixed Costs + Variable Costs to calculate your Total Costs

c. Your Profit or Loss

3. Graph the profit-maximizing output problem using the Total Revenue-Total Cost Approach.

Indicate the point where you maximize your profits including (Q), (TR), and (TC)

Label the Total Revenue curve

Label the Total Costs curve.

Label the Profits area.

Label the Break-even point(s).

1. Graph the profit-maximizing output problem using the Marginal Revenue-Marginal Cost Approach. /15

Include the ATC curve, MR curve, MC curve, and AVC curve.

(Note: you must calculate the VC and AVC for each quantity level in the table found below)

Label the ATC curve, MR curve, MC curve, and AVC curve.

Label the Average Profit area.

Label the Break-even point(s).

Indicate the point where you maximize your profits.

Q	TC	VC	AVC
0	$18
100	$41
200	$57
300	$77
400	$106
500	$145
600	$199
700	$294
800	$501