20 Use the folowing information to answer questions 1 through 7: The table below shows data for the production of Apples for an individual firm operating as a monopoly. Quantity of Apples Price/Apple Total Costs 0 $30,00 10 $4.50 $37.50 $4.00 $50.00 30 $3.50 $75.00 $3,00 $95.00 50 $2.50 $110.00 1 - 4 Given this data, complete the table: Marginal Marginal Costs Quantity of Total Revenue Revenue (MR) (MC) Apples (TR) Profit per Apple per Apple 0 40 10 20 30 10 50 5. At what quantity are marginal revenues equal to marginal costs? 6. What is the profit maximizing quantity? 7. What is the profit maximizing price