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Quantity Price Total Revenue Total Cost (gallons) (TC) Profit Marginal Marginal (TC) Revenue (MR) Cost (MC) $11 $5 $10 $6 $9 $8 $24 $11 JO

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Quantity Price Total Revenue Total Cost (gallons) (TC) Profit Marginal Marginal (TC) Revenue (MR) Cost (MC) $11 $5 $10 $6 $9 $8 $24 $11 JO UI A W NBC $28 $15 $30 $20 $4 $26 $3 $33 8 $1 $41 How many gallons should Claire produce to maximize profits? gallons (5 points) Next, draw a graph showing: Marginal Revenue (MR) Curve Marginal Cost (MC) Curve Demand Curve Be sure to label the monopoly price and quantity. (15 points)

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