Question: . Optimization: Marginal Analysis- Quantity Determination, Profit Maximization Given the following information, please state your suggestions: 25% Price Quantity Total Revenue Total Cost 150 1

. Optimization: Marginal Analysis- Quantity Determination, Profit Maximization

Given the following information, please state your suggestions: 25%

Price

Quantity Total Revenue Total Cost

150

1

82

148

2

72

144

3

60

140

4

52

138

5

46

135

6

38

132

7

34

129

8

42

126

9

48

123

10

53

120

11

61

117

12

71

114

13

82
  1. What will be the quantity that you will suggest to produce for reaching the optimization point (in resource allocation)? Please specify your decision rule and present the number to support your decision (Must show your calculation steps and explain) (10%)

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