QUESTION 2 Number of Unites Produced and Sold 100 150 200 250 Selling Price $9,000 $9,000 $9,000 $9,000 Total Revenue $900,000 $1,350,000 $1,800,000 $2,250,000 $ Variable Costs $4,000 $4,000 $4,000 $4,000 per Unit Total Variable $400,000 $600,000 $800,000 $1,000,000 Costs Fixed $500,000 $500,000 $500,000 $500,000 Costs Total $0 Profit $250,000 $500,000 $750,000 $7,333 $6,500 $6,000 Average Cost per $9,000 Unit Average Profit $0 $1,667 $2,500 $3,000 per Unit Number of Unites Produced and Sold 100 150 200 Selling Price $11,000 $11,000 $11,000 Total Revenue $1,100,000 $1,650,000 $2,200,000 Variable Costs $4,000 |$4,000 $4,000 per Unit Total Variable $400,000 $600,000 $800,000 Costs Fixed $500,000 $500,000 $500,000 Costs Total $200,000 $550,000 $900,000 Profit $7,333 $6,500 Average Cost per $9,000 Unit Average Profit $2,000 $3,667 $4,500 per Unit Variable $400,000 $600,000 $800,000 Costs Fixed Costs $500,000 $500,000 $500,000 Total Profit $200,000 $550,000 $900,000 $7,333 $6,500 Average Cost per 59,000 Unit Average Profit $2,000 per Unit $3,667 $4,500 Now imagine that the monopoly can raise the price to $11,000, but it will then not be able to sell 250 units. The most units that it can sell for the higher price is 200. The executives who control the monopoly firm have a choice to sell 250 units for $9,000 each or sell 200 units for $11,000 each. If they choose to sell 200 units for $11,000 each, then how much will they increase total profits compared to selling 250 units for $9,000 each