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11. Extra Credit: Suppose Mr. M opened a bakery shop in Commonwealth Avenue, and he paid a 51912.5( rental for this month in advance. Suppose

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11. Extra Credit: Suppose Mr. M opened a bakery shop in Commonwealth Avenue, and he paid a 51912.5( rental for this month in advance. Suppose he can produce at most 6 kilograms (kg) of bread. The following table describes his marginal cost function. [Hint Marginal Cost is decreasing in this example. ] Cost Cost Cost ____ ____ __ __ __ __ Fill in the chart, and then answer the questions below. Explain each answer. i. If the price of bread is $3/kg, how many kilograms should Mr. M produce? ii. What is Mr. M's economic prot? iii. What should Mr. M do at the end of the month? iv. What does the minimum price need to be for him to stay in business? k _

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