Fill in the columns in the following table and use the values in ...

[jeatrice]

Fill in the columns in the following table and use the values in the table to determine the profit-maximizing level of output.
 
  Quantity Total Revenue (TR)
  Total Cost (TC)
 
  Profit Marginal Revenue (MR)
  Marginal Cost (MC)
   0 0 3
   1 5 5
   2 10 6
   3 15 8
   4 20 11
   5 25 15
   6 30 21
   7 35 30
   8 40 42
   9 45 60
   10 50 85

Question 2

For a demand curve to be upward sloping, the good would have to be an inferior good, and
 
  A) the income effect would have to be smaller than the substitution effect.
  B) the income effect would have to be larger than the substitution effect.
  C) the income effect would have to be equal to the substitution effect.
  D) the income effect and the substitution effect would have to be nonexistent.

[otokexnaru]

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[jeatrice]

Thanks for the timely response, appreciate it

[samiel-sayed]

YES! Correct, THANKS for helping me on my review