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Q Sea CENGAGE | MINDTAP Homework 9.1 Epipen 1000 900 800 Qp at $150 700 60 Profit Max 500 PRICE (Dollars per Epipen) 400 ATC

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Q Sea CENGAGE | MINDTAP Homework 9.1 Epipen 1000 900 800 Qp at $150 700 60 Profit Max 500 PRICE (Dollars per Epipen) 400 ATC at Profit Max 300 ATC 200 MC Profit 100 MR D 0 2 3 5 6 8 9 10 QUANTITY (Thousands of EpiPens) If Mylan continues to charge $150 per Epipen, Mylan will earn economic profit. True or False: Given the demand curve for EpiPens, you should tell Mylan's CEO that total revenue will increase if she raises the price of EpiPens because the demand curve in this region is relatively inelastic. O True O False On the previous graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Dashed drop lines will automatically extend to both axes. On the previous graph, use the purple point (diamond symbol) to indicate the average total cost at the profit-maximizing quantity. Then use the green rectangle (triangle symbols) to shade the area indicating the firm's economic profit

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