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Microeconomics- Firm profit based on graph information This diagram shows cost and revenue curves for a monopolist. Profit-Maximizing Monopolist 1.) Using the point drawing tool,

Microeconomics- Firm profit based on graph information

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This diagram shows cost and revenue curves for a monopolist. Profit-Maximizing Monopolist 1.) Using the point drawing tool, identify the profit maximizing price and quantity. Label this point "A". 700- 650- MC 2.) Using the point drawing tool, identify the per-unit cost at this profit maximizing level of output. Label this point "B'. 600 Note: Carefully follow the instructions above and only draw the required objects. 550 ATC 500-148 AVC 450 420 400- Price , Cost ($) 350 The profit earned by this firm is $ . (Enter your response as an integer and include a minus sign for losses.) 300 250 200- 150- 100- 50- 150 MR D 0 50 100 150 200 250 300 350 400 450 500 Units of output

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