The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies.The market price of apple pies is $12.00 per pie.

a. Fill in the marginal revenue (MR) and average revenue (AR) columns.

Instructions: Round your answers to two decimal places.

Baker Street's Costs and Revenues

Quantity (apple pies)	TC (dollars)	MC (dollars)	MR (dollars)	AR (dollars)
15	$155.00	$9.00	$	$
20	197.50	8.50
25	242.50	9.00
30	292.50	10.00
35	352.50	12.00
40	422.50	14.00

Instructions: Enter your answers as a whole number.

b. At the market price of $12.00 per apple pie, how many apple pies should Baker Street make?

apple pies

c. If the market price for apple pies were to rise to $14.00 per apple pie, how many apple pies should Baker Street make?

apple pies