The owner of prophone has charted the company’s marginal revenue and

 
   

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The owner of ProPhone has charted the company’s marginal revenue and marginal cost for its latest line of smartphones, the Blazer. Use the chart to calculate the company’s profit. How many phones will ProPhone need to sell to maximize profit? 

Quantity of Jackets

Price (in whole dollars)

Total Revenue

Marginal Revenue

Total Cost

Marginal Cost

Profit (or loss)

0

220

0

0

90

0

 

1

200

200

200

170

80

 

2

180

360

160

200

30

 

3

160

480

120

290

90

 

4

150

600

120

340

50

 

5

140

700

100

400

60

 

6

135

810

90

500

100

 

7

130

910

100

620

120