Question: need quickly, will like!!! Use the following table to answer Questions 5-6. The table represents the MPG corporation's costs of making quarts of gasoline additive.

Use the following table to answer Questions 5-6. The table represents the MPG corporation's costs of making quarts of gasoline additive. Note that MPG has total fixed costs of $7. Assume that the company can only produce whole numbers of output. Assume that MPG is a price-taking firm. Quantity Total Cost Marginal Cost 0 7 1 16 9 2 24 8 3 31 7 4 39 8 5 49 10 6 61 12 7 75 14 5. If the selling price of the gasoline additive is $10 per quart, what level of output should MPG produce to maximize profits? a) 2 b) 3 c) 4 d) 5 e) 6 I 6. If the selling price of the gasoline additive is $10 per quart, what are the profits of MPG at its profit-maximizing output level? a) 2 b) 2 c) 3 d) 5 e) 1
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