suppose madison operates a handicraft pop-up retail shop that sells cardigans. assume a perfectly competitive market structure for cardigans with a market price equal to $25 per cardigan. The folowing graah shows Madisor's total cost curve. Use the blue points (circle symbol) to plat total revenue and the green points (triangle symbol) to plot proft for cardigans for quantilies zero through seven (induding rero and seven) that Madison produces. Calculate Madison's marginal revenve and marg po Masieon's profit is maximired when they produce a totsl of cardigans.
