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Can you help me with this assignment? can you please use simple terms? Thank you! Reading a Monopoly's Graph ATC $500 MC $470 AVC $350

Can you help me with this assignment? can you please use simple terms? Thank you!

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Reading a Monopoly's Graph ATC $500 MC $470 AVC $350 $270 MR D=AR 75 10. At 75 units, what kind of profit (positive profit, loss, or zero) is this firm earning? Is it possible for this firm to improve its profit level by adjusting production? Why or Why not? 11. What is the dollar value of total revenue at 75 units? 12. What is the dollar value of total cost at 75 units? 13. Consider the price being charged by the firm. Given this price and the firm's current profit level, would this firm be better off to shut down operations? Why or why not? (Link back to TFC and TVC) 14. Draw the graph for a monopoly earning a positive economic profit. Suppose the government institutes a per unit tax on the good produced by the monopoly (consider the impact it will have on the cost curves). On the graph, show how this will affect the monopoly's profit maximizing level of output and the price charged by the monopoly

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