(1 pt) Given the information in the table below for a monopoly, please calculate the firm's maximum profit.Please show me your work.

Profit = TR - TC

AVC = VC / Q

TR = P x Q

ATC = TC / Q

TC = FC + VC

MR = change in TR / change in Q

MC = change in TC / change in Q

Hint:

Remember ATC =TC/Q : can be rearranged as TC =ATC*Q

You need to determine optimal output and price from the table first before any calculation.

Q. Price ($). MR ($). ATC ($). MC ($)

0 200 - - -

30 180 180 4 2

60 160 140 3.66 3.33

90 140 100 4.55 6.33

120 120 60 6.33 11.66

150 100 20 9.33 21.33