Hello. I need help with this, please.

Bb Extra Credit - Princof Microecon X Bb Microsoft Word - Economics 200 X X CD courses.cscc.edu/bbcswebdav/pid-14256425-dt-content-rid-26010678_1/institution/ECON-2200/Scott%20Hunt/Economics_200_Bonus.pdf M . . . Bb Blackboard Learn CS CougarWeb Sign in to Outlook Sign in to Outlook y Yahoo - login Get Homework Hel... Q Learning tools & fla... ACCT 1211 : Financial Login to Medical M... 3) (7 points) A monopolist can produce its output at a constant average and constant marginal cost of: ATC = MC =5 The monopoly faces a demand curve given by the following function: Q=53-P And a marginal revenue curve that is given by the function: MR = 53 - 2Q a) Draw the following a. The firm's demand curve b. The firm's marginal revenue curve c. The firm's marginal cost curve b) What is the monopolist's profit maximizing price? c) What is the profit maximizing quantity for this monopolist? d) How much profit is the monopolist making? e) Suppose the market is no longer depicted by a monopoly, but has become perfectly competitive. What would the profit maximizing price and quantity be if the market were perfectly competitive? Type here to search W 3:29 PM 11/18/2020Bb Extra Credit - Princof Microecon X Bb Microsoft Word - Economics 200 X X CD courses.cscc.edu/bbcswebdav/pid-14256425-dt-content-rid-26010678_1/institution/ECON-2200/Scott%20Hunt/Economics_200_Bonus.pdf M . . . Bb Blackboard Learn CS CougarWeb Sign in to Outlook Sign in to Outlook y! Yahoo - login C Get Homework Hel... Q Learning tools & fla.. ACCT 1211 : Financi Login to Medical M... Labor Capital TP MP AP TFC TVC TC AFC AVC ATC MC 0 8 100 8 40 2 8 50 3 8 50 4 8 30 5 18 200 Labor is paid a wage of $50/day. All output is per day. Where: TP = total product; output; or quantity MP = marginal product AP = average product TFC = total fixed cost TVC = total variable cost TC = total cost AFC = Average fixed cost AVC = average variable cost ATC = Average total cost MC = marginal cost 2) The firm depicted in the table below is in a PERFECTLY COMPETITIVE MARKET. Complete the following table: (6points) Quantity Price Marginal Total Total cost Average Marginal ($/unit) revenue revenue total cost cost 0 $20 $200 10 $300 20 $460 30 $660 40 $1000 50 $1500 The profit maximizing price is $_ The profit maximizing quantity is The firm is making $ in profit. Type here to search W 3:28 PM 11/18/2020