Question: 1. Profit Maximization. Fill in the missing data for price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (x),

1. Profit Maximization. Fill in the missing data for price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (x), and marginal profit (Mat) in the following table. P TR MR TC MC $160 SO S - S - SO 150 150 S - 150 25 25 140 125 125 55 30 100 390 35 300 120 75 90 130 350 110 550 175 25 600 50 55 370 630 290 60 -30 640 355 285 630 75 -85 600 525 75 O A At what output (Q) level is profit maximized? B. At what output (Q) level is total revenue maximized? C. D. Derive a demand curve from the above table. Compute the arc price elasticity of demand between the price of $120 and $110

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