Figure 9-1 Prlce a n u: :- Refer to Figure 9-1. What area indicates total cost when the monopolist is maximizing prots? '9 Listen b Figure 9-1 ATC Price 0- 0: 03 Quantity Refer to Figure 9-1. What area indicates the welfare loss due to monopoly? TABLE 8-1 Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC 0 $30 $0 V 1 $30 $30 $40 2 X $60 $40 3 $30 $90 $40 Refer to Table 8-1. What is the value of the variable X? TVC $0 $12 $45 TC $40 $68 $85 Pro t $40 $22 TABLE 8-1 Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC 0 $30 $0 V 1 $30 $30 $40 2 X $60 $40 3 $30 $90 $40 Refer to Table 8-1. What is the value of the variable Z? (:) $45 TVC $0 $12 $45 TC $40 $68 $85 Prot $40 $22