Question 5 Not yet answered Points out of 1.00 Flag question If the monopolist produces at the profit maximizing rate of output, what will be the total revenue? Select one or more: Ja. $1,500 Ob. $240 C. $120 d. $2,400 Question 6 Not yet answered Points out of 1.00 P Flag question If the monopolist produces at the profit maximizing rate of output, what will be the total profit or loss? Select one: Oa. $120 Ob. $1200 Oc. $400 Od. $800Question 7 Not yet answered Points out of 1.00 Flag question If this monopolist wishes to maximize profits, then what price should she charge? Select one: Oa. $2 Ob. $4 Oc. $6 Od. $10 Oe. $10 Of. $12 Og. $14Scenario Use the following information to answer questions 5-7. High Wire Cinema is the only movie theater in a small town. The following graph shows the market demand, marginal revenue, and cost curves of this single-price monopoly. PRICE PER TICKET [Dollars) 20 18 16 MC 14 12 ATC 10 MR R 0 5 10 15 20 25 30 35 40 45 50 QUANTITY OF TICKETS