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Please the following questions: 1. Refer to the graph to answer the questions below: a. Where is the profit maximizing quantity located? b. Where is

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Please the following questions:

1. Refer to the graph to answer the questions below: a. Where is the profit maximizing quantity located? b. Where is the profit maximizing price located? C. Is this rm making a loss or profit? cl. Could this firm be a monopolist competitive firm in the long run? Why or why not? 2. Farmer Jane sells cherry tomatoes. Please graph her demand, MR, MC, ATC, AVC, and supply curves if she was ma king a profit at the market price of $3 per unit. Label everything

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