PROBLEM #6 A local candy store has a local monopoly in a small town selling homemade chocolates. The candy store owner has gathered the following information on the demand for boxes of chocolates. In addition, the owner has kept careful records of the cost of producing chocolates. The information below represents this demand and cost information. (Prices and costs are measured in dollars per box.) P Qd TR MR TC MC 30.00 0 10.00 25.00 20.00 20.00 W N H 25.00 15.00 40.00 10.00 4 60.00 5.00 85.00 a. Find the total revenue for each quantity. Also find the marginal revenue and marginal cost for each change in quantity (complete the table). b. The owner of the candy store wants to maximize their profits. Find the quantity of chocolate boxes, and the price that they will charge per box. You may use any valid solution method to find your answer. (Assume that the owner charges the same price per box to all customers and does not price discriminate.)