Please help me with this one

PURE MONOPOLY WORKSHEET This question examines the pure monopoly market for wonky widgets. You will use a marginal revenue equation to derive both the marginal revenue and total revenue associated with each additional wonky widget. Then, you will use the marginal cost of producing a wonky widget to determine the prot-maximizing quantity of widgets the monopolist should produce and sell. Lastly, you will determine how the prot-maximizing quantity is affected when the marginal cost increases. Wonky Widgets are produced and sold by a single iirm, Walter's Wonky Widgets. The monopolist faces a marginal revenue characterized by the equation: MR=242Q where Q is the number of wonky widgets that the monopolist produces and sells, and MR represents the marginal revenue earned from producing and selling each additional unit. The table below will help you identify and organize different relationships between quantity, marginal revenue, and total revenue. Marginal Total Revenue Quantity Revenue (aw). Task 1: In the table above, identify the marginal revenue and total revenue that Walter's Wonky Widgets earns when it produces and sells each quantity of widgets. Task 2: Suppose that the marginal cost of producing and selling a widget is $10. What quantity of widgets maximizes Walter's profits? Task 3: Suppose that the marginal cost of producing and selling a widget increases to $ 14. What quantity of widgets maximizes Walter's profits? Task 4: Suppose that the marginal cost of producing and selling a widget rises to $ 18. What quantity of widgets maximizes Walter's profits? .t: 2016 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part