Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.When the market price is P = $14,What is the profit maximizing level of output? What is total revenue at this level of output? What is the total cost at this level of output? What is the profit at this level of output?

Suppose a monopolist faces the following demand curve: P = 596 - 4Q Marginal cost of production is constant and equal to $60, and there are no fixed costs