Complete the Following Table and Determine the Point of Profit

question 106

Essay

Complete the following table and determine the point of profit maximization.
$\begin{array}{llll}&\underline {\text { Total }} & \underline {\text { Marginal} } & \underline {\text { Total }} & \underline {\text { Marginal} } \\\underline {\text { Quantity }}&\underline {\text { Revenue} } & \underline {\text { Revenue }} &\underline {\text { Cost }} &\underline { \text { Cost }}& \underline { \text { Profit } } \\100 & 500 &\underline { \quad\quad\quad\quad} & {200}&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\101 & 504.95 &\underline { \quad\quad\quad\quad} & 204.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\102 & 509.85 & \underline { \quad\quad\quad\quad} & 209.10&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\103 & 514.70 &\underline { \quad\quad\quad\quad} & 213.80&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\104 & 519.50 &\underline { \quad\quad\quad\quad} & 218.60&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\105 & 524.25 & \underline { \quad\quad\quad\quad} & 223.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\106 & 528.95 & \underline { \quad\quad\quad\quad} & 228.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\107 & 533.60 & \underline { \quad\quad\quad\quad} & 233.60 &\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\108 & 538.20 & \underline { \quad\quad\quad\quad} & 238.80&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\109 & 542.75 & \underline { \quad\quad\quad\quad} & 244.10&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\110 & 547.25 & \underline { \quad\quad\quad\quad} & 249.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \end{array}$

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Definitions:

Top Management Support

The assistance and backing provided by senior executives to projects or initiatives, which is critical for their success.

Pilot Project

An initial small-scale implementation that is used to test the viability of a project or idea before it is executed on a larger scale.

Union Resistance

Opposition or reluctance by employees or their representatives to changes or policies proposed by management, often due to concerns over wages, working conditions, or job security.

Creative Training

Instructional approaches designed to stimulate innovation, creativity, and problem-solving skills among participants.