Complete the following table to determine whether Ilybert is correct (Mint: W/ 0709 is soffering a loss, enters repative value for profit) Price Quantity Demanded Total Revenue Total Cost Profit (DOMars per CM) (Cans) (Dollars) (Dollars) (Dollars) 2.50 3.00 Given the carller Information, Hubert correct in his assertion that BYOB should charge $3.00 per can. Suppose that a technological innovation decreases BYOB's casts so that it now faces the marginal cust (AC] and average total cost (47C) given an the following graph. Specifically, the technological innovation causes a decrease in average fixed costs, thereby lowering the ATC curve and moving the ANC curve. On the following graph, place the black point (obs symbol) to indicate the profit-maximizing price and quantity for 8You. NOYOU is making a profit, use the green rectangle ( triangle symbols) to shade in the ares representing its profit. If BY09 is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing the loss. Monopoly Outcome PRICE AND COST PER UNIT (Dollars per und) ATC 1.00 MR 10 15 20 25 1.0 QUANTITY OF OUTPUT (Thousands of cars of Boar)BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost (AC), marginal revenue ( MR), average total cost (4707), and demand (!) for beer in this market. On the following graph, place the black point (pbs symbol) to medicate the profit-maximorning price and quantity for BYOB. If BYDS is making a profit, wee the green rectangle ( triangle symbols) to shade in the ares representing it's profit. If BYes is suffering a loss, use the purple rectangle (dunnand symbols) to shade in the area representing its loss. L.00 Monopoly Quicama 1.D0 1 2:50 ATC PRICE AND COST PER UNT (Dolars par can) MR 10 15 20 25 30 35 4.D QUANTITY OF OUTPUT (Thousands of care of bear) Suppose that BYOB charges $2.50 per can. Your friend Hubert says that since BYOB is a monopoly with market power, it should charge a higher price of $3 00 per can because this will increase BYOB's profit Complete the following table to determine whether hubert is correct (Mint: # 0ros is somering a loss, enters negative value for profit)