Please answer the question below

Q6 The following table shows the demand curve facing a monopolist who produces at a constant marginal cost of $10: Price Quantity 18 0 16 4 14 8 12 12 ll} 16 8 20 6 24 4 28 2 32 % a. Calculate the rm's marginal revenue curve. b. What are the rm's prot-maximizing output and price? What is its prot? What would the equilibrium price and quantity be in a competitive industry? d. What would the social gain be if this monopolist were forced to produce and price at the competitive equilibrium? Who would gain and lose as a result? Bonus Bonus Q (27- Suppose the same rm's cost function is C(q) = 492 + 16. a. Find variable cost, xed cost, average cost, average variable cost, and average xed cost. (Hint: Marginal cost is given by MC = 89.) Show the average cost, marginal cost, and average variable cost curves on a graph. Find the output that minimizes average cost. At what range of prices will the rm produce a positive output? At what range of prices will the rm earn a negative prot? At what range of prices will the firm earn a positive prot? 55"