Exercise 1 You are a monopolist: The producer's cost at a constant average and marginal cost of S 12. 1. Calculate marginal revenue at each level of

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Exercise 1 You are a monopolist: —— The producer’s cost at a constant average and marginal cost of S 12. 1. Calculate marginal revenue at each level of production. 2. Calculate profit maximization price and quantity. 3. What Lathe profit ?