Suppose Jayden operates a handicraft pop-up retail shop that sells rompers. Assume a perfectly competitive market structure for rompers with a market price equal to $20 per romper.The following graph shows Jayden's total cost curve.

Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for rompers for quantities zero through seven (including zero and seven) that Jayden produces.

The following graph shows bryden's total cost curw- the the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for rompers for quantities cere through seven (including zero and seven) that Jayden produces. Total Revenue Toul Cost Prof TOTAL COST AND REVENUE (Dollars) QUANTITY (Rompers)Homework [Ch 14) Calculate Jayden's manyrud revivure and marginal cost for the fest seven rompers they produce, and plot them on the folowing graph. Use the like points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cart at each quantity Marginal Revenue Marginal Cost COSTS AND REVENUE (Dollars per romper) 15 QUANTITY (Romper) Jayden's profit is maximized when they produce a total of Willkill rompers. At this quantity, the marginal cost of the final romper they produce is . an amount w than the price received for each romper they sell at this point, the marginal cost of producing one more romper (the first romper beyond the profit maximizing quantity) is Blunt an amount I've then the price received for each romper they pull. Therefore, Jayden's profit-mani sing quantity occurs at the point of incursection between the Because Jayden is a price taken the previous condition is equivalent toHomework (Ch 14) Study Tools Marginal Henna Marginal Cost Tips COSTS AND REVENUE (Dollars parramair) tocal cout and marginal ryerye marginal cost and total revenue QUANTITY (Rompers) total cost and profit total revenue and profit Jayden's profit is maximized when they produce a total of Will rompers. As this quantity, @ marginal cost and marginal revenue w product in an amount than the price received for each romper they sell. At this he more romper total cost and total revenue (the first romper beyond the profit minimizing quantity) is [Milmil] , an amount or they sell. Therefore, Jayden's profit-maximizing quantity occurs at the point of intersection between the Because Jayden is a price takes the previous condition is equivalent ss Grade It Now Save A Continue Continue without Having