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J. Price and output decisions for a monopolist It BYOu Is a monopolist In beer production and distribution in the imaginary economy of Hapeville. Imagine that Bros cannot price discriminate; that In, sells its beer at the same price per can to all customers. The following graph shows the marginal cost ( AC), marginal revenue ( MR), average total cost (ATC), and demand ( D) for beer In this market. Place the black point (plus symbol) on the graph to indicate the profit maximising price and quantity for Bros. If BYOB is making a profit, use the green rectangle (Triangle symbols) to shade in the area representing it's profit. On the other hand, if Brod is suffering a loss, use the purple rectangle (chammond symbols) to shade in the area representing its loss. Monopoly Quienme ATC PRICEAND COST PER UNF primPrior) QUANTITY OF OUTPUT (Thematch ofcam of beme)Imagine that BTOB charges $2.75 par can. Your friend Tim says that since BYOB is a monopoly with market power, it should charge a higher price of 43.90 per can because this will Increase BYon's profit. Complete the following table to determine whether Time is correct. If BYOU & suffering a loss, enter a negative value for profit Price Quantity Demanded Total Revenue Total Cost Profit (Dollars per can) (cant) (Dalan) (DeMars) 1,00 750 Given the cartier Information 1:0oo correct in his assertion that Youshould charge $3.to per can. 1.250 Imagine that a tochnological in decreased BYOD's posts to that It now faces the marginal cost ( AIC) and average total cost (LTD) given en the following graphs Spoofled 1.500 echinological in novation causes a decrease in average fived costa, thereby lowering the ITY? curve and moving The MC curve. Place the black point (prue symbol) on the following graph to intimate the profit-makimime price and quantity for Bron. If uron is making a prone one the andan rectangle (triangle gumball to shade inlife wes representing its profr, on the offer hand if Brod is suffering a big, use the purple rectangy [demand symbols) to shade in time was representing the tom!Given the earlier Information, Tim 7 correct in his assertion that BYOB should charge $3,00 per can. Imagine that a technological Innovation decreases BYOB's costs so that it now faces the marginal cost (MC) and average total cost (/170) given on the following graph. Specifically, the technological Innovation causes a decrease in average fixed costs, thereby lowering the All curve and moving the MO curve Place the black point (plus symbol) on the following graph to indicate the profit-makimiting price and quantity for Drop. If Brod a making a proair, use the green rectangle (triangle symbols) to shade in the area representing its profit On the other hand, if Bros is suffering a loss, Lose the purple rectangle (diamond symbols) to shade in the area representing the love PRICEAND COST PER UNIT IDe laparun QUANTITY OF OUTPUT (Thorands ions of body