I'm not sure if I am doing this correctly please help. Please show the formulas and any calculations that you do I'm really confused. Thank you so much I really appreciate it!

The following graph shows Demand, Marginal Revenue and Cost curves for a Firm in Monopolistic Competition. Suppose the initial average total costs is ATC curve. Use the graph to answer the following questions: Use the graph to answer the following questions: A. What is the profit maximizing quantity for this firm. (2 points) B. What is the maximum price the firm can charge? (2 points) C. For that price and quantity does Jurassic Smoothies make economic profit, economic loss or breaks even? How do you know? Explain your answer. (3 points) D. Suppose an innovation reduces the firm's fixed costs and reduces average total cost from ATC to ATC'. What is profit maximizing quantity and price after the innovation? (2 points) E. After the innovation is the firm making economic profit, economic loss or breaks even? How do you know? (3 points) Price and | cost $40 MC ATC 30 . . . ATCI 23 20 10 MR: AR = D 0 150 200 Quantity (per day)