Joseph owns the only ice cream shop in a small town outside Mobile, Alabama. According to the accompanying table, which shows production and costs for Joseph's ice cream shop, answer the following questions:
a. By using the profit-maximizing rule, what is the quantity Joseph should produce to maximize his profits?
b. By using the profit-maximizing rule, what is the price Joseph should set to maximize his profits?
c. At the price and quantity you found, what is the profit Joseph makes?
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