$3.$ Complete the following table representing a monopoly operating with no fixed costs.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline Output & Price & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Marginal $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}$ & Total Cost & $\backslash$begin$\{$tabular$\}\{$l$\}$

Marginal $\backslash \backslash$

Cost

$\backslash$end$\{$tabular$\}$ & Profit $\backslash \backslash$

$\backslash$hline $0$ & $\backslash (\backslash$$ $120\backslash )$ & & & $0$ & & $\backslash \backslash$

$\backslash$hline $10$ & $\backslash (\backslash$$ $110\backslash )$ & & & $750$ & & $\backslash \backslash$

$\backslash$hline $20$ & $\backslash (\backslash$$ $100\backslash )$ & & & $950$ & & $\backslash \backslash$

$\backslash$hline $30$ & $\backslash (\backslash$$ $90\backslash )$ & & & $1200$ & & $\backslash \backslash$

$\backslash$hline $40$ & $\backslash (\backslash$$ $80\backslash )$ & & & $1700$ & & $\backslash \backslash$

$\backslash$hline $50$ & $\backslash (\backslash$$ $70\backslash )$ & & & $2500$ & & $\backslash \backslash$

$\backslash$hline $60$ & $\backslash (\backslash$$ $60\backslash )$ & & & $4000$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

a$.$ How many units does the monopoly produce?

b$.$ What price does the monopoly charge?

c$.$ What is the average variable cost at the profit maximizing quantity?

d$.$ What is the firm's economic profit? $3.$ Complete the following table representing a monopoly operating with no fixed costs.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline Output & Price & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Marginal $\backslash \backslash$

Revenue

$\backslash$end$\{$tabular$\}$ & Total Cost & $\backslash$begin$\{$tabular$\}\{$l$\}$

Marginal $\backslash \backslash$

Cost

$\backslash$end$\{$tabular$\}$ & Profit $\backslash \backslash$

$\backslash$hline $0$ & $\backslash (\backslash$$ $120\backslash )$ & & & $0$ & & $\backslash \backslash$

$\backslash$hline $10$ & $\backslash (\backslash$$ $110\backslash )$ & & & $750$ & & $\backslash \backslash$

$\backslash$hline $20$ & $\backslash (\backslash$$ $100\backslash )$ & & & $950$ & & $\backslash \backslash$

$\backslash$hline $30$ & $\backslash (\backslash$$ $90\backslash )$ & & & $1200$ & & $\backslash \backslash$

$\backslash$hline $40$ & $\backslash (\backslash$$ $80\backslash )$ & & & $1700$ & & $\backslash \backslash$

$\backslash$hline $50$ & $\backslash (\backslash$$ $70\backslash )$ & & & $2500$ & & $\backslash \backslash$

$\backslash$hline $60$ & $\backslash (\backslash$$ $60\backslash )$ & & & $4000$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

a$.$ How many units does the monopoly produce?

b$.$ What price does the monopoly charge?

c$.$ What is the average variable cost at the profit maximizing quantity?

d$.$ What is the firm's economic profit?