You are the manager of a monopoly, and your economists have estimated your demand and cost functions as P - 250 - 40, the total cost is 76 = 600 + 50Q + Q and the marginal cost is given by MC = 50 + 2Q. 1. Enunciate the Formula: MR for Linear Inverse demand (from your textbook] 2. Use the formula from question 1, to find the marginal revenue MR when the inverse demand is P-250 4Q. 3. What's the principle of the Monopoly Output Rule? [from your textbook.) 4. Use the principle enunciated in question 3 to find the output (" that the firm should produce to maximize its profit 5. What's the Monopoly Pricing Rule? [from your textbook] 6. Use the Monopoly Pricing Rule from question 5 to find the price P." that the firm should charge when maximizing its profit