Please answer all the questions. Thanks

a - How does the monopolist determine the production level that will maximize profits? (Meaning what determines the quantity that the monopolist will produce?) b - At this quantity how does the monopolist determine the price to charge in the market? c - In this situation does the monopolist earn economic profits? 6. In question five is the monopolist price higher than if the market were competitive? Is price higher than MC? 7. Using The following graph and table: A. What is the total profit of producing 4 units? B. What is total profit of producing at level 5 units? C. Which quantity should the monopolist choose to produce? D. What can you say about the relationship of MR and MC at the fifth unit? 2 1 800 Marginal cost 1 400 1,200 Maximun 1,000 possible profit 5 400 200 0 200 2 3 5 Quantity Cost Information Revenue Information Total Marginal Average Total Marginal Quantity Cost Cost Cost Quantity Price Revenue Revenue 1,500 1,500 1,200 1,200 1,800 300 900 1, 100 2,200 1,000 2,200 400 733 1,000 3,000 800 2,700 500 675 900 3,600 600 800 4,000 400 DO YOUAWN 3,300 600 660 4,200 900 700 700 4,200 200 5,400 1,200 771 600 4,200 7,200 1,800 900 500 4,000 -200