Only type writing allow.....

The graph below depicts a firm. What is the initial equilibrium price and quantity? Explain whether the firm is making an economic profit, a normal profit, or incurring an economic loss Suppose an increase in the minimum wage increases the marginal cost and average total cost by $30 at each level of output, Show the effect of the increase in minimum wage in a figure. What is the new equilibrium price and quantity? After the increase in minimum wage, what is the amount of the firm's economic profit or economic loss? MC Price and cost (dollars per unit) 688 86838 8 8 ATC D MR 0 100 200 300 400 500 600 Quantity (units)