Maui Macadamia Inc. has a monopoly in the macadamia nut industry. The demand curve, marginal

revenue and marginal cost curve for macadamia nuts are given as follows:

$P=360-4Q,MR=360-8Q,MC=4Q$

a$.$ What level of output maximizes the sum of consumer surplus and producer surplus?

b$.$ What is the profit maximizing level of output?

c$.$ At the profit maximizing level of output, what is the level of consumer surplus?

d$.$ At the profit maximizing level of output, what is the level of producer surplus?

e$.$ At the profit maximizing level of output, what is the deadweight loss?

f$.$ What is the maximum amount that Maui Macadamia would be willing to spend in order to

maintain its monopoly through rent seeking?