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Complete the following table that shows the costs and revenues of a monopolist? Product price TR MR TC MC Profit 0. 30. 8 1. 28.

Complete the following table that shows the costs and revenues of a monopolist?

Product price TR MR TC MC Profit

0. 30. 8

1. 28. 22

2. 26. 34

3. 24 50

4. 22 76

5 20. 118

6 18. 182

7. 16. 274

8. 14. 400

9. 12. 566

10. 10. 778

B. Determine the profit maximizing level of output. What is the maximum profit?

C Determine the level of output where TR is maximized. What is the maximum value of TR?

D why profit is not maximized when total revenue is maximized?

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