AaB Aabbet AaBbc Aabec 1 Normal T No Space Heading Heading 2 Question 4 (8 marks; 14 minutes) Lefola Limited is the only manufacturer of product G Easy in the Popa Land. It has provided documented levels of demand at certain selling prices for product G Easy which are as follows: Price per unit Demand Units Total costs 7 000 0 3 000 6 000 1 5 000 5 000 2 8 000 4 000 3 12 000 3 000 17 000 2 000 5 23 000 1 000 6 30 000 Required: Using a tabular approach, calculate the marginal revenues and marginal costs for product G Easy at the different levels of demand, and so determine the selling price at which Lefola Limited's profits are maximized. (8 marks) Student answer to Question 4: A . S P IR E