2nd part can be 18,17,16,15 per week. Please provide points or table for first g

Question

2nd part can be 18,17,16,15 per week.

Please provide points or table for first graph so i can graph maximum revenue AND profit

A firm has total revenue (TR) and total cost (TC) curves as shown on the following diagram. To complete the graph, you will have to illustrate two distances with line segments. Determine the quantity of output that generates the maximum profit. Use the green points (triangle symbol) to indicate the amount of profit at this quantity of output. Then, determine the quantity of output that generates the maximum total revenue. Use the purple points (diamond symbol) to indicate the amount of revenue at this quantity of output. Line segments will automatically connect the points 20 TC 18 Maximum Revenue 16 14 TR 12 Maximum Profit 10 0 1234 5 6 78 9 10 Quantity of Output (Output per day)

Explanation / Answer

The maximum profit this firm can earn is $ 5 per week, while the maximum total revenue it can earn is $ 16 per week.

Maximum profit is attained when Q = 3, TR = $ 15 and TC = $ 10 (difference between TR and TC is the maximum)

Maximum revenue is attained when Q = 4 , TR = $ 16 (highest point of TR)

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