Facebook is the biggest seller of advertising space in the social media market (Instagram is also a major seller, but it is owned by Facebook). Assume that Facebook is a monopolist and is illustrated by the graph below. Use the below graph for #9 - 16. 18 17 16 15 14 1, 14.0 13 12 11 10 ATC 34, 14 16, 1.8 1, 1.4 17, 1.8 MC 1011 121344 15 16 17e19 20 21 22 23 24 25 26 27 20 29 30 31 32 3334 MR T Q(milions) 15, 1.9

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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please only answer 12

Facebook is the biggest seller of advertising space in the social
media market (Instagram is also a major seller, but it is owned by
Facebook). Assume that Facebook is a monopolist and is
illustrated by the graph below.
Use the below graph for #9 - 16.
P(5)
17
16
15
14
a, 14.0
ATC
34, 1.4
16, 1.8
17, 18
31. 1.4
MC
1011 12134 15 1617e19 20 21 22 23 24 25 26 27 28 2930 31 32 33 34
Q (milions)
What is the quantity of ads that Facebook sells?
QUESTION 10
What price does Facebook charge?
QUESTION 11
What is the size of the mark-up?
QUESTION 12
What is the profit earned by Facebook?
Transcribed Image Text:Facebook is the biggest seller of advertising space in the social media market (Instagram is also a major seller, but it is owned by Facebook). Assume that Facebook is a monopolist and is illustrated by the graph below. Use the below graph for #9 - 16. P(5) 17 16 15 14 a, 14.0 ATC 34, 1.4 16, 1.8 17, 18 31. 1.4 MC 1011 12134 15 1617e19 20 21 22 23 24 25 26 27 28 2930 31 32 33 34 Q (milions) What is the quantity of ads that Facebook sells? QUESTION 10 What price does Facebook charge? QUESTION 11 What is the size of the mark-up? QUESTION 12 What is the profit earned by Facebook?
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