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Use the graph below to answer questions 10-13. ATC AVC 10. At '75 units, what kind of prot (positive prot, loss, or zero) is this firm earning? Is it possible for this firm to improve its prot 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 rm. Given this price and the rm's current prot level, would this rm 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 prot. 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 prot maximizing level of output and the price charged by the monopoly. Reading a Monopoly's Graph Use the graph below to answer questions 1-9. Show any work. 1. Is this rm's production following the prot maximizing rule? How do you know? 2. At 100 units of output, what price will this monopoly charge? 3. What is the dollar value of total revenue? 4. What is the dollar value of total cost? 5. What is the rm's prot? 6. Is this rm earning a positive prot, a loss, or breaking even? How can you use AR and ATC at the 100 units of output to make this determination? 7. Use the lettering on the graph to state the area of prot for this rm. 8. If the rm decided to decrease production, how would total prot be impacted? (Use the concepts of MR and MC to explain.) 9. [I the rm decided to increase production, how would total prot be impacted? (Use the concepts of MR and MC to explain.) Use the graph below to answer questions 10-13. ATC AVC 10. At 75 units, what kind of prot (positive prot, loss, or zero) is this rm earning? Is it possible for this rm to improve its prot 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 rm. Given this price and the rm's current prot level, would this rm be better off to shut down operations? Why or why not? (Link back to TFC and TVC)