(Solved): The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly com ...

The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $3.00 per pie. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Baker Street's Costs and Revenues Quantity MR TC (dollars) MC (dollars) (apple pies) (dollars) AR (dollars) $ 5 $60.00 $2.00 $ 10 67.50 1.50 15 77.50 2.00 20 92.50 3.00 25 117.50 5.00 30 152.50 7.00 Instructions: Enter your answers as a whole number. b. At the market price of $3.00 per apple pie, how many apple pies should Baker Street make? apple pies c. If the market price for apple pies were to rise to $5.00 per apple pie, how many apple pies should Baker Street make? apple pies