Which of the following equations calculates economic profits for a monopoly? A. Profits = P+ATCIQ. B. Profits = Px. C. Profits = (P-ATC) xQ. D. Profits = ATCXQ 6- The graph on the right illustrates the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a monopoly 5- Use these curves to show a firm's profits 4- 1.) Using the point drawing tool, place a point at the output and price combination that would maximize profits for this monopoly. Label your point 'A" 3- 2.) Using the point drawing tool, place a point on the average total cost curve at the profit-maximizing output level. Label your point 'B. ATC 2- MC 3.) Using the rectangle drawing tool, depict the area that would represent the profit this monopoly is earning. Label your area "Profit. 1- MR Carefully folow the instructions above and only draw the required objects. 40 45 s0 10 15 20 25 30 Quantity Edit Coordinates (10,6)