can someone solve #8 and 9

8. Assume marginal cost MC-10350 + 30 and average total cost ATO - 16125 - 150 +0.0150 Also assume that the provided demand curve is the perceived demand and that the market for RSP is a monopolistic competition. What is the price that maximize RSP's profit? What will happen to RSP'S profit if the company drop price by 10%? 9. Now assume RSP invested to master the a-day installation Accordingly, the internal cost function of RSP changes and its new marginal cost MC-7000+30 Now find the price that maximize RSP's profitability Compare this finding with 08. What is your conclusion? BONUS: in 08, show that MC intersects with the ATC exactly at the bottom of ATC curve. Page 2 of 2 8. Assume marginal cost MC-10350 + 30 and average total cost ATO - 16125 - 150 +0.0150 Also assume that the provided demand curve is the perceived demand and that the market for RSP is a monopolistic competition. What is the price that maximize RSP's profit? What will happen to RSP'S profit if the company drop price by 10%? 9. Now assume RSP invested to master the a-day installation Accordingly, the internal cost function of RSP changes and its new marginal cost MC-7000+30 Now find the price that maximize RSP's profitability Compare this finding with 08. What is your conclusion? BONUS: in 08, show that MC intersects with the ATC exactly at the bottom of ATC curve. Page 2 of 2