The following table depicts the daily output, price, and costs of a monopoly dry cleaner located near the campus of a remote college town.

a. Compute revenues and profits at each output rate.
b. What is the profit-maximizing rate of output?
c. Calculate the dry cleaner's marginal revenue and marginal cost at each output level. What is the profit-maximizing level of output?

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Output (suits cleaned) Price per Suit (S) Total Costs 8.00 7.50 7.00 6.50 .00 5.50 5.00 4.50 4.00 3.00 6.00 8.50 10.50 11.50 13.50 16.00 19.00 24.00