Word File Edit View Insert Format Tools Table Window Help Q Sun Apr 16 5:09 PM AutoSave OFF w HWantiTrust - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Comments Editing Share X Arial 11 AA Aav a= v AL AaBbCcDdEE AaBbCcDdEE AaBbC AaBbCc[ AaBb AaBbCCD Paste B I Uv ab X 2 X Av LV Av Normal No Spacing Heading 1 Heading 2 Title Subtitle styles Dictate Editor Pane Name HWantiTrust 2.33@ On the left is your monopoly. 1)If society is offended by profits, they may require you to release a Q where P=ATC which happens over Q of _ and results in zero profits (no oss, no profit). 2)It may be argued by the government that every unit before 110Q ought to be produced because its minimum benefit (P) is greater than its cost (MC) and satisfies allocation efficiency. Producing where MC=P 18 happens at Q, but results in ATC of $ _ which is higher than current P of $ _by $ each (which multiplied by corresponding Q) makes for a total loss of $ 3)It may also be argued that ATC must be minimized, which happens where MC=ATC. However when ATC=MC, ATC equals $_which is much higher than corresponding price of $ _. The difference between ATC-P makes for a per unit loss of $ _times corresponding Q of for a total loss of $ !!!!!!! separate examples! TR P Q TC MC ATC profit 120 120 1 130 130 -10 objective 4) 90 2 150 5) 60 3 180 6) 40 220 Page 1 of 2 359 words X English (United States) Ex Accessibility: Investigate Focus E - + 141% APR 16 "tv zoom WWord File Edit View Insert Format Tools Table Window Help Q Sun Apr 16 5:09 PM AutoSave OFF w HWantiTrust - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Comments Editing Share X Arial 11 AA Aa v a= v AL AaBbCcDdEE AaBbCcDdEE AaBbC AaBbCc[ AaBb AaBbCCD Paste B I Uv ab X2 X Av LV Av Ev Normal No Spacing Heading 1 Heading 2 Title Subtitle styles Dictate Editor Pane !!! separate examples! TR P Q TC MC ATC profit 120 120 1 130 130 -10 objective 4) 90 2 150 5) 60 3 180 6) 40 4 220 7) 30 5 270 120 20 6 830 60 55 -210 no objective answers: MC=P minATC profit zero profit -120 -60 0 6 16 18 20 30 30 30 34 36 40 50 54 55 60 75 100 110 120 150 160 180 180 660 1920 Page 1 of 2 359 words X English (United States) 1 Accessibility: Investigate Focus E - + 141% APR 16 tv zoom WWord File Edit View Insert Format Tools Table Window Help Q Sun Apr 16 5:09 PM AutoSave OFF w HWantiTrust - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Comments Editing Share X Arial 11 AA Aa v AL AaBbCcDdEE AaBbCcDdEE AaBbC AaBbCc[ AaBb AaBbCcD Paste B I Uv *2 X Av LV Av Normal No Spacing Heading 1 Heading 2 Title Subtitle styles Dictate Editor Pane You later gain control of a more profitable monopoly with lower costs. 155 8)MC=P at $ _ minus ATC of $ _ for a per unit profit of times Q of _for a total profit of 9)The Q that minimizes ATC happens under P of $ minus this minimum ATC of $ _for a per unit profit of $ MR times Q of _ for a total profit of $ 80 70 MC ATC 10)P=ATC, which happens at $ _ above_Q. 50 45 40 34 answers: 11 30 34 40 40 45 70 110 125 128 1375 4400 30 D 100 110 125 128 Q Page 2 of 2 359 words s [ English (United States) 1 Accessibility: Investigate Focus E 14170 APR 16 tv zoom W