Please give me correct answer with proper calculation. Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue,and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below?Costs and revenues4024201612བྷྲ བྷ ལྐ སྐྰ ཟླ་R་ལྔ ་"་322884012 16202428Quantity per periodTotalTotalPrice($)Output Revenue ($) Profits ($)a. Total revenuemaximizationb. Profit-maximizationc. Socially optimum priced. Fair-return priceMRD=ARMCAC

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Answered: Graph shows the cost and revenue…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer with proper calculation. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue,
and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below?
Costs and revenues
40
24
20
16
12
བྷྲ བྷ ལྐ སྐྰ ཟླ་R་ལྔ ་"་
32
28
8
4
0
12 16
20
24
28
Quantity per period
Total
Total
Price($)
Output Revenue ($) Profits ($)
a. Total revenue
maximization
b. Profit-maximization
c. Socially optimum price
d. Fair-return price
MR
D=AR
MC
AC

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