I did set the graph to \"regular monopoly\" and the letter \"i\" as the instruct

Question

I did set the graph to "regular monopoly" and the letter "i" as the instructions asked. Then the questions below are already preset.

Show Deadweight Loss Show Economic Profit/Loss off ($) Price, Average/Marginal Cost 0 oints 225 200 175 150 MC eBook ATC Print 125-- AVC 100ONN References 75 50 25 MR 0 2040 6080 100120140 160 180 Quantity (units per month) SETTINGS ?PROFIT CALCULATIONS Market Price (Pk Marginal Revenue (MR) Marginal Cost (MC) $125.00 $50.00 $75.00 Cost Structure High Coot a b cd efghu kI m nCot Quantity $7,500.00 $6,266.67 $1,233.33 Revenue 120 Costs Quantity 60 Profit

Explanation / Answer

A.

Profit maximizing quantity = 60 units

B.

Maximum profit = 60*125 – 6266.67 = $1233.33

C.

Revenue = 80*100 = $8000

Cost = 80*100 = $8000

Profit = 8000-8000 = $0

D.

Revenue = 40*150 = $6000

Cost = 40*125 = $5000

Profit = 6000-5000 = $1000

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