The market forChips and more, which sells Chips is a pure monopoly. The company holds an outstanding market position. The demand is for each year is given by: = 500 - 10P. Chips and more has a single plant that costs them $50 million dollars to build. Yearly loan payments are $5 million to finance the plant. The plant has a zero scrap value, but it has some equipment that is worth 8 million if the plant is closed and sold off. If the company products, then it will enter into a bulk electricity and water contracts at the start of each year for which they pay $3 million upfront for all the electricity and water they want. The firm's marginal cost, which is mostly labor is $4 per unit.

Q: What is the sunk cost (only fixed) at the beginning and what is the sunk cost (only fixed) at the half year mark