Question: Using the table below, calculate the total profit () for this monopoly at output level Q=4. Quantity (Q) Marginal Revenue (MR) Marginal Cost (MC) Marginal

Using the table below, calculate the total profit () for this monopoly at output level Q=4. Quantity (Q) Marginal Revenue (MR) Marginal Cost (MC) Marginal Profit (MP) Total Profit () 1 500 300 200 ? 2 400 250 150 ? 3 250 175 75 ? 4 125 125 0 ? 5 55 175 120 ? 6 0 200 200

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