Economania is the only supplier of recreational goods for a small island. It is currently making economic prot. [a] Draw a graph for Economania. Make sure to label: i. Economania's profitmaximizing quantity. Elf ii. Economania's profitmaximizing price. Pf {b} Shade the deadweight loss involved in Economania's protmaximizing production. [c] If {If = 1, units and Pf = $2, what is Economania's total revenue? [d] Property taxes go up and increase Economania's xed costs. Illustrate the effect of this on your graph from part [a]. [e] How would the fixed cost increase from part [d] affect Economania's economic prot and the deadweight loss? Explain each. [f] What would need to he the case for Economania to be a natural monopoly? {g} An economic downturn shifts the demand for Economania's product to the left. At what point would thl monopoly rm shut down production? [h] If the barriers to entry fell and Economia's market structure became perfect competition. what would happen to its prots in the long mn