question 1 a,b,c,d,e

PROBLEMS AND APPLICATIONS . The Sejaff Furniture Sin Bhd has a monopoly in the sale of bookshelves and faces the following demand schedule. profit-maximizing manufacturer Price What price would it charge? Quantity Demanded be Compute marginal revenue Recall that MR 0 booksself ATRAU How does marginal rover 35 compare to the price? Explain 30 10,000 20.090 Graph the marginal revenue, marginal cost 30.000 and demand curves, All what quantity do the 40,000 marginal revenue and marginal cost scurves 50.000 cross? What does this signify?. 60.000 d. In your graph, shade in the deadweight loss Explain in words what this means. 70 900 80.00D e. If fixed costs rise to RM70,000, how would this affect the firm's decision about isthat price to change? Explain. The firm has fixed costs of RM60,000, The marginal cost of each bookshelf is a constant 2. Suppose that a natural monopolist was required RM15 per bookshelf. by law to charge average total cast On a dia gram, label the price charged and the dead Compute total revenue, total cost, and profit weight loss to society relative to marginal cost at each quantity. What quantity would a pricing