i1. Profit maximbration using total cast and total revenue curves Suppoon Amari sparuins a handicraft pop-up retail shop that sells cardiganic. Amama a perfectly competitive market structure for cardigans with a market price mqual to $30 par cardigan The following graph show A mani's total cost cures. Line ma blue points (circin symbol) is plot total menus and the grown points (triasgin symbol) to plat profit for cardigans for quantities saro mrough wwww (including zero and saves) that Arad produces. TOTAL OOST AND REVENUE (Da bars) QUANTITY Cudpura) Calculate Aman's marginal revenue and marginal cost for the Art smean cardigant they produce, and plot than as the following graph. Won the bian points faircle member? to pist marghead menus and the orange paints (aquare ipmbo?) to piet marginal cost at each quantity. Marginal Ravenan 30 Marginal Cont QUANTITY Laddcare Amarif's profit in maximized when they produce a total of cardigans. At this quantity, the marginal cost of the final cardigan thay product is than the price raceland for each cardigan they sell. At this point, the marginal cost of producing one mam cardigan [the first cardigan beyond the profit maximizing quantity) is J. an amount than the price received for each cardigan many soil. Thornform, Amari's pr maximizing quantity cccars at the point of Interaction between the curves. Docnass Amarillo a price taking the previous condition in nquivalent to