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D Blaeeuntlyryxnom '3' G (9 [D + I univ.u'I-\\HI=r I The following graphs are for the rm Frank's Robots in an industry that is monopolistically competitive. Question 3 [14 points] a) Plant the equilibrium point in the graph below. v Economic Prot (Shaded Region) g 3 g a 4 5 UnitsofOutput b} Mark the area for total economic profit in the graph above. a} In the following graph. drag the demand line (D) so that it is consistent with zero economic prots. Safari File Edit View History Bookmarks Develop Window Help $ 1 7 Q 2 @ Wed Apr 14 3:44 PM . . . : laecon1.lyryx.com b) Mark the area for total economic profit in the graph above. c) In the following graph, drag the demand line (D) so that it is consistent with zero economic profits. Demand 90- ATC 75 60 D MC Price, Cost ($/Q) 45+ 30 MR 15 1 2 3 6 Reset Units of Output d) Drag the marginal revenue line (MR) so that it is also consistent with zero economic profits. e) Plot the new equilibrium point. Official Time: 15:44:06 SUBMIT AND MARK APR 14 A P