There are two tables below

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There are two tables below. The first one shows a monopoly's costs of producing different units of canned iced coffee. The second table shows the demand schedule for canned coffee. Based on the table, at the profit-maximizing level of output, the firm's profits equal_____.

Table 1.

 

Cans of iced coffee:	1	2	3	4	5	6	7
Total Cost (in dollars):	4	7	9	12	16	24	35

Table 2.

 

Cans demanded:	1	2	3	4	5	6	7
Price per can (in dollars):	6.25	6.00	5.75	5.50	5.20	5.00	4.75

Answers:

a. $10.25

b. $6.00

c. $10.00

d. $8.25

e. $2.35