a) find the missing values using the information with excel (b) determine what the profit maximizing quantity Q* is for Taylor firm, how can you tell? (c) plot the data in one plot show demand curve ( a function of q) and constant MC. remember how I showed you to find MR(Q); add MR(Q) for Q = [0, 10]. identify areas of consumer surplus. profits and total cost . remember TR(Q) is P*Q so MR(Q) is the derivation total revenue function. (d) write the profit function in maths. in a separate plot show profit as a function of quantity produced over Q=[0,14] that is the profit function. At what Q * does the profit curve peak that is what is profit maximizing quantity. (e) give me examples of fixed, variable and implicit cost that Taylor might incur in his business.

a https//westernonline.wiu.edu/d2/le/content/188897/viewContent/2897306/View 2. Suppose Taylor opens a new restaurant in Macomb -"Taco Diva" Premium Mexican Plates. She has the only such place in town, and thus, is operating as a monopolist. She faces a downward-sloping demand curve, with the linear equation P(Q) = 21-1.5Q. Additionally, she faces a constant marginal cost of $3 per plate and has no fixed costs on the books. Taco Diva - Premium Taco Plates (Hola!!) - Monopolist with downward sloping demand MC TC(Q) TR(Q) MR(Q) Profit(Q) 19.5 16.5 13.5 N COFNMTHONGOPENME 10.5 . a. Using the given information, create the above table in Excel. Use formulas to find the missing values and fill the table completely (use the definitions of these costs). . b. After finding all values in the worksheet, determine what the profit-maximizing quantity Q" is for Taylor's firm. How can you tell? . C. Plot the data. In one plot, show the Demand curve (a function of Q), and constant MC. Remember how I showed you to find MR(Q), add MR(Q) for 10:01 PM 36 7 Clear 4/1/2022