Question: Please help with homework question.Thank you very much. Congratulations, you are now one of the proud owners of a a factory in the price-taking your

Congratulations, you are now one of the proud owners of a a factory in the price-taking your factory are given below. Show all work.

Please help with homework question.Thank you very much.

4 19 Beef 5 22 Soda industry. The short-run costs for Quantit

(barrels) Total Cost o 10 1 14 2 16 3 17 6

Congratulations, you are now one of the proud owners of a a factory in the price-taking your factory are given below. Show all work. 4 19 Beef 5 22 Soda industry. The short-run costs for Quantit (barrels) Total Cost o 10 1 14 2 16 3 17 6 26 7 31 8 37 1. Suppose the market price in this industry is $6 per barrel. a. Comparing MR to MC, what is your profit-maximizing quantity? b. How much profit would you make at this price? 2. Suppose the market price in this industry is $4 per barrel. a. Comparing MR to MC, what is your profit-maximizing quantity? b. How much profit would you make at this price?

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