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In the table below, assume that Anita the monopolist has a marginal cost of $7 per unit to make taffy and that marginal cost =

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In the table below, assume that Anita the monopolist has a marginal cost of $7 per unit to make taffy and that marginal cost = average cost. a. Write out the marginal revenue for each row. b. What is the profit-maximizing level of output? c. What is the price charged? d. What would be the profit level? Price Quantity TR MR MC=AC $15 15 7 $13 2 26 $11 3 33 $9 4 36 $7 5 35

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