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Hi! Please help me answer my homework. Thank you :) 8. Figure 2 shows the per unit cost and revenue measures confronting a monopolist. The

Hi! Please help me answer my homework. Thank you :)

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8. Figure 2 shows the per unit cost and revenue measures confronting a monopolist. The DD line is the market demand curve. MR is the corresponding market marginal revenue curve. AC is the rm's average cost curve, and M C represents the corresponding marginal cost schedule. (10 points) gure 2 Revenue per unit In $ Cost per unit in $ 0 I. 2 a 4 5 6 7 a 9 Units of output 8.1 If output is 4, what must be the price? 8.2 What is marginal revenue at 4 units of output? 8.3 At what level of output does average cost fall to its minimum level? 8.4 What price would clear the market if output were set at this minimum AC level? 8.5 What would total cost be at this level? 8.6 What would total revenue be? 8.7 What would prot be? 8.8 At what output would prot be maximized? 8.9 What is marginal revenue at this output? 8.10 What is marginal cost at this output

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