Figure 1 10 9- 8 6 525- 4 3 25 2 Price 1 2 3 4 MR 5 6 7 75 9 ATC DMC 10 + Quantity Refer to Figure 1. a. How does an economist refer to the firm above? For full credit you must be very specific. b. If the firm maximizes profit, what quantity will the firm produce? c. If the firm maximizes profit, what price will the firm charge? d. If the firm maximizes profit, what is the amount of profit or loss earned by the firm? e. If a regulator requires the firm to charge a marginal cost price, what quantity will the firm produce? f. If a regulator requires the firm to charge a marginal cost price, what price will the firm charge? g. If a regulator requires the firm to charge a marginal cost price, what is the amount of profit or loss earned by the firm?

Figure 1 10 T Price ATC D MC 10 Refer to Figure 1. a. How does an economist refer to the firm above? For full credit you must be very specific. b. If the firm maximizes profit, what quantity will the firm produce? c, If the firm maximizes profit, what price will the firm charge? d. If the firm maximizes profit, what is the amount of profit or loss earned by the firm? e. If a regulator requires the firm to charge a marginal cost price, what quantity will the firm produce? f. If a regulator requires the firm to charge a marginal cost price, what price will the firm charge? g. If a regulator requires the firm to charge a marginal cost price, what is the amount of profit or loss earned by the firm? ALT.FiniPeror ALT.FN F10 ( Mac)