Tino owns a taco stand in Houston, Texas, where there are dozens of other taco stands. He faces the following demand and cost schedules for his taco plates (two tacos and a side of refried beans):

a. Fill in the columns for total revenue, marginal revenue, and marginal cost and use the table to find the profit-maximizing price and the profitmaximizing number of taco plates per week for Tino€™s Taco Stand. (Remember to put MR and MC between output levels.) b. Redo the table to show what will happen in the short run if Tino spends $100 on an advertising campaign that increases the quantity demanded at each output level by 20 percent. What will happen to his profit-maximizing price and profitmaximizing number of taco plates per week? Do you expect this outcome to persist?Explain.

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Price Tco Total Total per Plas Cost Revenue Taco per per per Marginal Marginal Plate Week Week Week Revenue Cost $5 50 30 $4 80 $ 50 $3 150 176 $2 00 $1,476 $1 1,100 $2,136