Question: 4 . a ) Using the following table, find this monopolist s MR , MC and ATC by using midpoint approach. P ( $ )

4. a) Using the following table, find this monopolists MR, MC and ATC by using midpoint approach.
P ($)
Q
TR ($)
MR ($)
TC ($)
MC ($)
ATC ($)
12
0
10
11
1
17
10
2
18
9
3
21
8
4
30
7
5
48
b) Plot the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC) in one diagram.
c) What is the profit-maximizing level of output. How much profit per unit and in total does the monopolist make?
d) What is the markup? Please show the deadweight loss on the same diagram of (b).

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