Thedata below relates to a monopolist and the product it produces.

1) Fill in the blanks in the table.

Quantity

Price

Total Cost

Marginal Revenue

Marginal Cost

1

48

35

--

--

2

44

64

3

38

90

4

30

113

5

20

133

2)If the firm cannot price discriminate, the monopoly will produce and set the price at . The firm will realize an economic (profit/loss) of