PRACTICE EXERCISE - KINKED DEMAND CURVES FOR QUESTIONS 1-5, ASSUME MARGINAL COST IS MCI: 1. The prot maximizing price for this rm is 2. T1111: cost per unit for this rmis -..____, 3. The prot maximizing output for this rm is 4. In equilibrium, the total cost for this rm is 5. In equilibrium, the total revenue for this rm is 7. If marginal cost now shifts to MCZ, what would the prot maidmizing price for this rm be? 8. The "kinked demand curve" is used in what market structure? --'--------.p...__.___. 9. The "kinked demand curve" theory is based on what expectation by rms? MW