Suppose you set a single, flat-rate price for your jeans. How much would you charge this individual and how much profit would you make using this pricing strategy? P flat rate = Question Blank 1 of 2 choose your answer... Profit = $ Question Blank 2 of 2 type your answer... Price Quantity Total Revenue Total Cost Marginal Revenue Marginal Cost $20 1 $8 $18 2 $16 $16 3 $24 $14 4 $32 $12 5 $40 $10 6 $48 $8 7 $56