Profit Maximization for Monopoly Scenario Nora makes decorative wooden boxes. The table below shows how many boxes she can sell per day (q) depending on the price she charges (1). It also shows her total variable costs (TV(). Nora's total fixed cost is $17 per day. P TVC (5) 26 153 34 BI 92 110 140 171 Question 1 Nota should produce an additional box as far as A. the price she can sell it for is greater than its marginal cost B. her total revenue is greater than her total cost C. her marginal revenue is greater than her marginal cost D. the difference between her marginal revenue and her marginal cost increases E. the difference between the price she can sell it for and her marginal cost increases Question 2 How many boxes should Nora produce to maximize her profit? Question 3 What price should Nora charger Question 4 What is the highest profit that Nora can carn?Question 5 In the scenario above, suppose Nora's fixed cost has increased by $6, In response, she should A. raise her price B. produce more boxes C. produce fewer boxes D. continue to produce the same quantity of boxes E. shut down her business in the short run