Your marketing research department has estimated the demand for your firm's product to be:Q=10,000100Pand the marginal revenue to be:

MR=1000.02Q.

Suppose marginal cost and average total cost are constant at

$50. The quantity you should produce is ?? units. The price you should charge is $??

The amount of economic profit earned by your firm would be $??

The adjacent figure shows the demand curve (D), the marginal revenue curve (MR),

the marginal cost curve (MC) and the average total cost curve (ATC)

of the firm. Using the rectangle drawing

tool,

highlight the region depicting the economic profit of the firm. Carefully follow the instructions above and only draw the required

objects.