Question: Marginal Analysis, please show the work!:) Q P TR TC MR MC MR - MC 20 150 1100 21 165 1400 22 180 1780 23

Marginal Analysis, please show the work!:)

Q P TR TC MR MC MR - MC

20 150 1100

21 165 1400

22 180 1780

23 170 2150

24 185 2800

A. What is the marginal revenue from selling the 24th unit of output? What is the marginal cost for producing the 20^th unit of output? What is the marginal profit at 23 units of output?

D. At what level of output are profits maximized?

E. What is the optimum selling price?

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