4. Akbar Ali is the only person who sells a TV show cards. Below is the...

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4. Akbar Ali is the only person who sells a TV show cards. Below is the chart of his prices and number of cards sold. Price (in Pak Rupees) Quantity sold (in numbers) 10,000 24 22 20,000 30,000 40,000 50,000 20 18 16 14 60,000 Akbar Ali can produce the cards with no fixed cost and Rs.5/card variable cost. a). Find total revenue for each quantity stated in above table? b). Find marginal revenue for each quantity? c). What quantity of cards would maximize his profit? d). What would be the price and profit at the level of profit maximization? e). If you are hired as Akber Ali's agent, what price would you suggest him to charge (use logical reasoning for your answer)? 4. Akbar Ali is the only person who sells a TV show cards. Below is the chart of his prices and number of cards sold. Price (in Pak Rupees) Quantity sold (in numbers) 10,000 24 22 20,000 30,000 40,000 50,000 20 18 16 14 60,000 Akbar Ali can produce the cards with no fixed cost and Rs.5/card variable cost. a). Find total revenue for each quantity stated in above table? b). Find marginal revenue for each quantity? c). What quantity of cards would maximize his profit? d). What would be the price and profit at the level of profit maximization? e). If you are hired as Akber Ali's agent, what price would you suggest him to charge (use logical reasoning for your answer)?