Suppose Carrie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table:

a. Fill in the missing numbers in the table, assuming that Carrie can charge 5 cents per black-and-white copy.
b. How many copies per month should Carrie sell?
c. If the lease rate on the copier were to increase by $50 per month, how would that impact Carrie€™s profit-maximizing level of output? How would this $50 increase in the lease rate affect Carrie€™s profit? What will she do when it is time to renew her lease?

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Number of Photocopies Total per Fixed Variable Total Month Cost Cost Cost $100 $110 $125 $145 $175 $215 $285 Revenue Profit 1,000 2,000 3,000 4,000 5,000 6,000