Question 2 Quantity Price Average Total Cost 0 $5 4 $4 $2.00 8 $3 $1.50 12 $2 $1.50 16 $1 $1.62 20 $0 $1.80 The marginal revenue of this monopolist when they produce 16 units is [Select] The marginal cost of this monopolist when they produce 8 units is [Select] The profit-maximizing level of production is [Select] The profit of this monopolist when they produce 16 units is [Select] 4 pts