Describe the two points on the graph that move as you adjust the Quantity slider.

check all that apply (there is more than one answer)

• The point where MC intersects MR.
• The point on the D curve for the chosen quantity.
• The point where MC intersects D.
• The point on the MC curve for the chosen quantity.
• The point on the ATC curve for the chosen quantity.

Given the following diagram: Monopoly In. GRAPH Regular Monopoly Show Deadweight Loss (Off Show Economic Profit/Loss ( Off ($) Price, Average/Marginal Cost 225 200 175 MC 150 125 ATC 100 AVC 75 50 25 MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month) SETTINGS Reset PROFIT CALCULATIONS Market Price $125.00 Cost Structure (Pmkt) Low High Marginal Revenue $50.00 Cost abcdefghij kl mn oCost (MR) Marginal Cost $55.00 (MC) Quantity Revenue $7,500.00 40 120 Costs $5,066.67 Quantity 60 Profit $2,433.33