Question 1 (8 points) Table 2 shows Media Cable’s the demand table, total revenue, and marginal revenue at each price. Media Cable’s marginal cost per cable package is $75.45. What is the profit maximizing quantity and price for Media Cable?

Table 2

Price Amount Demanded Total Revenue Marginal Revenue
$160 0 $0 n/a
$130 90 $11,700 $130.00
$100 200 $20,000 $75.45
$80 350 $28,000 $53.33
$40 600 $24,000 -$16.00
$0 850 $0 -$96.00

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)