.Paulina sells beef in a competitive market where the price is $5 per pound. Her total revenue and total costs are given in the table below.
Quantity of beef (lbs.) Total revenue ($) Total cost ($) Profit ($) Marginal revenue ($) Marginal cost ($) Marginal profit ($)
0 0 4 - - -
1 5 6 2 10 9 3 15 14 4 20 22 a. Fill out the table.
b. At what quantity does marginal revenue equal marginal cost?
