Question: he data in the table to the right jive the total cost, C, and b C MC marginal cost, MC, for a profit 100 maximizing

he data in the table to the right jive the total cost, C, and b C MC marginal cost, MC, for a profit 100 maximizing firm in a perfectly 1 dustry market at each possible 150 50 evel of output, q. (Enter all 2 178 28 umenc responses using 3 198 20 ntegers.) 4 212 14 What is marginal revenue when 5 230 18 he market price is $64? 6 250 20 MR = $ 64 7 272 22 8 What is marginal revenue when 310 38 market price is $50? 9 355 45 10 410 55 MR = $ 50 11 475 65 What happens to the firm's output choice and profit if the price of he product falls from $64 to $50. f the market price falls from $64 0 $50, then the firm's output will decrease from 10 units to 9 Inits. urther, profit will rom $ to $

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