Question: Hi, could you help me with Q2 please? D Question 2 t 0 Q Georgy's Wells has a monopoly over the supply of water to

 Hi, could you help me with Q2 please? D Question 2

Hi, could you help me with Q2 please?

t 0 Q Georgy's Wells has a monopoly over the supply of

D Question 2 t 0 Q Georgy's Wells has a monopoly over the supply of water to the small town of Alphaville. Inverse demand for water in Alphaville is given by the equation, P=120i 1000' The cost of supplying water is, _ 92 TC' 2000' The demand, marginal revenue and marginal cost curves for Georgy's Wells are illustrated in the gure above (not drawn to scale). Use the information provided to answer the following questions: i. Which of the following functions describes the monopolist's profit? [Select ] V a.I]=120Q10Q 3Q2 2000 ii. The monopoly quantity is [53'3\"] V . iii. The monopoly price is [ Select] V . iv_ The monopolist's producer surplus is illustrated in the figure above as the area(s) [59'9\"] V . 6.1] =120

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