4.Ed Hill has acquired a monopoly on the production of baseballs and faces the demand cost situation shown in the following table.

a)Fill in the remaining values on the table.

b)If Ed Hill wants to maximize profits, what price should he charge, and how many baseballs should he sell? How much profit (or loss) will he make? Draw a graph to illustrate your answer (with the proper labels). Graph should show demand, ATC, AVC, AFC, MC, and MR curves, the price he is charging, the quantity he is producing, and the area representing his profit (or loss).

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