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Refer to Table above. What is the marginal cost of the 1 unit? Refer to Table above. What is the marginal cost of the

Refer to Table above. What is the marginal cost of the 1 unit? Refer to Table above. What is the marginal cost of the 8th unit? Refer to Table above. What is Soper's Port Vineyard's economic profit at their profit maximizing point? COSTS REVENUES Quantity Produced Total Cost Marginal Quantity Price Total Marginal (S) Cost Demanded Revenue Revenue 0 100 - 0 $120 1 150 1 120 2 202 2 120 3 257 3 120 4 317 4 120 5 385 5 120 6 465 6. 120 7 562 7 120 8 682 8 120

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