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questions. Price $80 $70 $60 $50 ATC $40 $30 $20 $10 0 1 2 3 4 5 6 7 8 9 10 11 12 13

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questions. Price $80 $70 $60 $50 ATC $40 $30 $20 $10 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Quantity Copyright Jacob Cafford 2020. www.ACDCecon.com Annual license required. Do not use unless you have purchased a license 1. Identify the profit maximizing price and quantity. 2. Calculate the total revenue at the profit maximizing price and quantity. 3. Calculate the total cost at the profit maximizing price and quantity. 4. Calculate the profit or loss at the profit maximizing price and quantity. 5. Calculate the area of deadweight loss. Show your work

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