3) Suppose you are given the following information: Quantity Price Total Revenue Marginal Revenue $56 N $50 3 $44 $38 $32 $26 -J $20 You are running the widget business for the town of Smallsville,. You look at your demand and have to decide what price to charge. Since you are the only widgetmaker. you are free to act as you wish,. Suppose that the cost of producing each widget was $17, how much would you charge? Why?. Suppose that the cost of producing each widget was $12, how much would you charge? Why?.. What is your producer surplus