Check my work SETTINGS Reset PROFIT CALCULATIONS Market Price (Pmkt) $125.00 Cost Structure Low High Cost Marginal Revenue (MR) $50.00 Cost abcdefghij kimno Marginal Cost (MC) $55.00 Quantity Revenue $7,500.00 40 120 Costs $5,066.67 Quantity 60 Profit $2,433.33 Instructions: Make sure the interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (in the settings section) set to "d" a. What is the profit maximizing quantity? [ units b. What is the maximum profit that can be earned? $Marginal Cost (MC) $55.00 Quantity Revenue $7,500.00 40 120 Costs $5,066.67 Quantity 60 Profit $2,433.33 Instructions: Make sure the interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (in the settings section) set to "d" a. What is the profit maximizing quantity? [ units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 100 units, the revenue is $ the costs are $ , and profits (losses) are $ d. If the firm decides to produce 40 units, the revenue is $ , the costs are $ , and profits (losses) are $Work GRAPH Regular Monopoly* Natural Monopoly Show Deadweight Loss Off Show Economic Profit/Loss Off ($) Price, Average/Marginal Cost 225 200 ces 175 MC 150 125 ATC 100 AVC 75 50 25 MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month)