Table $15-1$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline Quantity & Price & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}$ & Average Revenue & $\backslash$begin$\{$tabular$\}\{$l$\}$

Marginal $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline $1$ & $\backslash$$$35$ & $\backslash$$$35$ & & $\backslash \backslash$

$\backslash$hline $2$ & & $\backslash$$$64$ & $\backslash$$$32$ & $\backslash$$$29\backslash \backslash$

$\backslash$hline $3$ & $\backslash$$$29$ & & & $\backslash \backslash$

$\backslash$hline $4$ & & & & $\backslash$$$17\backslash \backslash$

$\backslash$hline $5$ & $\backslash$$$23$ & & & $\backslash$$$11\backslash \backslash$

$\backslash$hline $6$ & & $\backslash$$$120$ & & $\backslash \backslash$

$\backslash$hline $7$ & $\backslash$$$17$ & & & $\backslash$$$-1\backslash \backslash$

$\backslash$hline $8$ & & & & $\backslash$$$-7\backslash \backslash$

$\backslash$hline $9$ & & $\backslash$$$99$ & $\backslash$$$11$ & $\backslash$$$-13\backslash \backslash$

$\backslash$hline $10$ & & $\backslash$$$80$ & $\backslash$$$8$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Refer to Table $15-1.$ Assume this monopolist's marginal cost is constant at $$12.$ What quantity of output $($Q$)$ will it produce and what price $($P$)$ will it charge?

Q $=4,$ P $=$ $$29$

Q $=4,$ P $=$ $$26$

Q $=5,$ P $=$ $$23$

Q $=7,$ P $=$ $$17$