Cost Structure Low High Cost a b c def gh i j k I m no Cost Quantity Instructions: Make sure the interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (in the settings section) set to "i" a. What is the profit maximizing quantity? units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve) the revenue is $ costs are $ , and profits (losses) are $

275 200 175 MC 150 125 ATC 100 AVC 75 50 25 MR D 20 40 60 100 120 140 160 Quantity (units per month] SETTINGS Arset PROFIT CALCULATIONS Market Price (Pru) $125.00 Cost Structure LOW High Marginal Revenue (MR) $50.00 Cost abcdefghij kimno Cost Marginal Cost (MC) $55.00 Quantity REVANUA $7,500.00 40 120 Costs $5,066.67 Quantity GO Profit $2,433.33Instructions: Make sure the interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative ( ) sign when needed. With the Cost Structure (in the settings section) set to "i" a. What is the profit maximizing quantity?[ units b. What Is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve) the revenue Is $ costs are $ and profits (losses) are $