Calculate Madison's marginal revenue and marginal cost for the first seven rompers they produce, and plot them on the following graph. Use the blue points (arde symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity. Marginal Revenue Marginal Cost COSTS AND REVENUE ( Dollars per romper) QUANTITY (Rompers) Madison's profit is maximized when they produce a total of rompers. At this quantity, the marginal cost of the final romper they produce is an amount than the price received for each romper they sel. At this point, the marginal cost of producing one more romper (the first romper beyond the profit maximizing quantity) is S amount than the price received for each romper they sel Therefore, Madison's profit-maximizing quantity occurs at the point of intersection between the Because Madison is a price taken, the previous condition is equivalent to