s 15-18 are based on the following information. You recently opened a small side business that sells jerseys for the Chelsea Football Club. You estimate the demand for jerseys as follows Price 80 70 60 50 40 Quantity 200 300 350 370 380 The marginal cost of selling a jersey is $10, while the fixed costs for setting up the business is $200. Question 15 (0.5 points) What is the total cost of producing 300 jerseys? What is the total cost of producing 300 jerseys? $3,200 $21,000 $3,000 $300 Question 16 (0.5 points) What is the profit from selling 370 jerseys? $18,300 $18,500 $14,600 $14,800 What is the profit maximizing price? $70 $80 $60 $50 Question 18 (0.5 points) What is the profit at the profit maximizing price? $14,600 $17,300 $13,800 $18,400