Assume instead that the costs of production changed for this monopoly so that the marginal cost (MC) and average total cost (ATC) for every unit was $6. $16 Price $14 $12 $10 $8 56 $6 $4 $2 MCATC D MR 02 4 6 8 10 12 Quantity 11. Under these new circumstances, identify the profit maximizing price and quantity. Your answer 12. Calculate the total revenue at the profit maximizing price and quantity. * Your answer 13. Calculate the total cost at the profit maximizing price and quantity. *