The firm is a monopoly



Calculate total revenue and profit for the firm. What level of output maximizes profit? What price should the firm charge?



Quantity.....Price....Total Cost

0.................100..........80

1...................85.........100

2...................70.........125

3...................55.........155

4...................40.........190

5...................25.........230



I'm pretty confused, so if an explanation could be given along with the answers I would appreciate it. Thanks