(Solved): Consider total cost and total revenue, given in the following table: In the final column, enter pro ...

Consider total cost and total revenue, given in the following table: In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.) In order to maximize profit, how many units should the firm produce? Check all that appily. 4 5 6 In the previous tabie, enter marginal revenue and marginal cost for each quantity. On the following graph, use the green points (triangle symbol) to graph the marginal-revenue curve, then use the orange points (square symbol) to plot the marginal-cost curve. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 unit to 2 units is $\$5$, then you would plat a point at $(1.5,5)$.) The marginal-revenue curve and the marginal-cost curve cross at a quantity This firm in a competitive industry, because marginal revenue is as quantity increases. True or False: The industry is in a long-run equilibrium. True False