1 j- 1 1 1 67] What is the profit minimizing or loss minimizingquantirv? Costs and Revenues 65] What is the price at the profit maximizing quantity? 69) What is the average total cost at the profit maximizing quantity? 70] what is prot per unit at the profit maximizing quantity? 7].] What is the total economic profit? 72) What type of industry is likelvw be represented by this are phic? a) perfect competition b] monopolistic competition at longirun equilibrium c] monopoly 73) What is the approximate quantity such that price = marginal cost? 10 7!] At the prot maximizingquantity. what is the approximate differential between price 5 and marginal cost? a 75]Whatlsanapproximateestimate,usingthetrianglearea method,oftheua|ueof '3 g g g g g g E E g g E E a Q E E g deadweightloss? m: ____M: a up\": 9 EM: 9 a u 9 : 75] TJF Would you say that this graphic is indicative of long-run equilibrium for the typical firm in this type of industry? Tl] What Is the ratio of Dead Weight Loss to Total Expenditure at max profit