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Common Grounds is the only seller of cappuccinos in town(i.e. Common Grounds is a Monopoly in this town).The table shows the market demand for cappuccinos.

Common Grounds is the only seller of cappuccinos in town(i.e. Common Grounds is a Monopoly in this town).The table shows the market demand for cappuccinos. 1-1.(4points)Fill in the blanks in TR and MR columns. (Note: show formulae in at least one row).

Q P TR MR
0 $4.50 0 -
1 4 4 4
2 3.5 7 3
3 3 9 2
4 2.5 10 1
5 2 10 0
6 1.5 9 -1

2.(4points)Draw a graph with the price line (i.e. the Demand Curve) and the MR curve. 3.(4points) Add a marginal cost(MC) curve onto the graph. (Hint: just need to randomly add a MC curve without knowing more data of MC, but need to keep the u-shape.) 4.(5points)Denote the profit maximization quantity Q*, and corresponding price P* the shop should set. 5.(5points)Add an average total cost(ATC) curve onto the graph, show the firm is experiencing positive profit, by shading the area of the positive profit.

*** Stuck on 3, 4, 5 (already answered 1,2). Just answers please Thanks.

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