Question

28. Here you ce the demacd curos and mfacet. The monopolist has recenty experienced an Increase in ts marginal costs, from MC1 ($20) to MC2 ($40). Part 1: Using the double drop line tool, select the price-quantity combination that the monopolist would choose when facing Marginal Cost 1 and label it profit maximization 1 Part 2: Using the double drop line tool, select the price-quantity combination that the monopolist would choose when facing Marginal Cost 2 and label it profit maximization 2. Part 3: Using the quadrilateral tool, shade in the area that represents the lost revenue for the monopolist due to the increase in marginal costs. Label this as Lost Revenue Part 4: Using the quadrilateral tool, shade in the area that represents the gained revenue for the monopolist due to the increase in marginal costs. Label this as Gained Revenue. Coordnates: (36.00, 43.25) 90 80 T0 60 50 40 Demand -Mang Revenue -Marginal Cost 1 Marginal Cost2 Prof Max 1 Prof Max 2 -Gained Revenue 20 10 Lost Revnue Unselected 보Snapping 0.0 20 30 40 50 60 70 00 90 100 Quantitv