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Question 4 ( 60% of points): The dagram below shows a monopolst's marginal cost schecula and
the demand curve. Find and depict the following items within the diagram and briefy explain
how you found them: a) Find and highight the consumer surplus in the monopoly in the diagram.
[12% of points] b) Draw a possble marginal cost curve for the monopolist into the digram that is
consistent with all the ather curves that are already given. [24% of points] c) Based an the
marginal cost curve that you constructed in part (b), find and highlight the monopclist's total
costs at the monopoly price in the diagram. [12% of points] d) Briefly (200 words max) explain
the shape of the marginal revenue curve as compared to the derrand curve in the diagram. [12%
of points]

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Question 4 ( 60 of points) The dagram below shows a monopolsts mar.pdf

  • 1. Question 4 ( 60% of points): The dagram below shows a monopolst's marginal cost schecula and the demand curve. Find and depict the following items within the diagram and briefy explain how you found them: a) Find and highight the consumer surplus in the monopoly in the diagram. [12% of points] b) Draw a possble marginal cost curve for the monopolist into the digram that is consistent with all the ather curves that are already given. [24% of points] c) Based an the marginal cost curve that you constructed in part (b), find and highlight the monopclist's total costs at the monopoly price in the diagram. [12% of points] d) Briefly (200 words max) explain the shape of the marginal revenue curve as compared to the derrand curve in the diagram. [12% of points]