Assume that the short-run cost and demand data given in the table below confront

Assume that the short-run cost and demand data given in the table below confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion.Output TC () MC () QD Price () MR ()0 25 0 601 40 1 552 45 2 503 55 3 454 70 4 405 90 5 356 115 6 307 145 7 258 180 8 209 220 9 1510 265 10 10a. Calculate the marginal cost and marginal revenue of each unit of output in the above table.b. At what output level and at what price will the firm produce in the short run? What will be the total profit?c. What will happen to demand price and profit in the long run?