ENGAGE | MINDTAP ework(Ch 15) ven tie earlier miloinduun, Andrew Cnect in This assertion ulat DIVD should charge $5.vu per can. uppose that a technological innovation decreases BYOB's costs so that it now faces the marginal cost (MC) and average total cost (ATC) given in the following graph. Specifically, the technological innovation causes a decrease in average fixed costs, thereby lowering the ATC curve and moving the MC curve. Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing the loss. 4.00 3.50 Monopoly Outcome 3.00 A 2.50 Profit ollars per unit) 2.00 Loss 1.50 PRICE 1.00 0.50 IMC MR 4.0 0 0.5 1.0 1.5 20 25 3.0 3.5 QUANTITY (Thousands of cans of beer) Grade It Now Save & Continue Continue without saving