Question

A girl is planning to raise goats for her 4-H project, but her mother insists that her newly created goat farm must be profitable. She has researched her production costs and anticipated revenues, summarizing these findings in these equations: Marginal Revenue = MR = 28 – 2Q and Marginal Costs = MC = 7 + 3Q a. Complete the following table.

Number of Goats	MR	MC	MR-MC
1
2
3
4
5
6
7

Answer 1