Computer part sells

Quantity price Total Marginal Total cost Marginal Profit or

revenue revenue cost loss

0 420 0 0 350 -350

1 410 410 390 680 330 -270

2 400 800 370 940 130 -140

3 390 1170 350 1070 70 100

4 380 1520 330 1140 150 380

5 370 1850 310 1290 510 560

6 360 2160 290 1800 550 360

7 350 2450 270 2350 610 100

8 340 2720 250 2960 670 -240

1. What product market did you choose for this data to represent? Explain why.
 2. At which price and quantity does marginal cost nearly equal marginal revenue without
exceeding it? Highlight this point on your graph.
3. If you were in business for this product, at which price and quantity level would you sell?
Explain why

1. A product market I picked was pc components, because the more pc components out
now are getting more expensive and quantity of them is limited.

2. The point where the marginal cost nearly equals the marginal revenue without exceeding
it is at 4, being cost and revenue are a good point to sell and make,

3. If i was in this business of making pc components i would sell at the quantity level of 5
because i see that the price is 370 and the price being 560 making it where i see the
most amount of profit, so i Would go with 5.