Question: Hello please help with this question and provide the right answer. Thank you and have a great day! I already submitted and I got a

 Hello please help with this question and provide the right answer.

Hello please help with this question and provide the right answer. Thank you and have a great day! I already submitted and I got a 16%

Thank you and have a great day! I already submitted and I

A single-price profit-maximizing monopolist is enjoying economic profits. (a) Graph its marginal cost (MC), average total cost (ATC), marginal revenue (MR), and demand curves (D), labeling all. (b) Label its profit-maximizing price (PM) and quantity (OM). (c) What would happen to the firm's total revenue if it produced more than the profit-maximizing quantity? Explain. (d) The firm becomes able to perfectly price discriminate. Label its new profit-maximizing quantity of production QM2- (e) Shade the entire area(s) of increased firm revenue. (f) Will the change in part (d) cause the monopoly to become allocationy efficient? Explain. (g) The demand curve intersects the y-axis at $100. PM is $20, and OM is 700 units, Calculate the area of lost consumer surplus. (h) The government imposes a $2 per-unit tax that results in the new profit-maximizing quantity being 500 units. What will the government's tax revenue be? ' Download

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