The residents of the town Ectenia all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $2,400,000 and no variable costs. There are 100,000 town residents, and each has the same demand for museum visits: Q=11-P, where P is the price of admission. On the following graph, use green points (triangle symbol) to graph the museum's average-total- cost curve at the following quantities: 1,000 visits, 2,000 visits, 3,000 visits, 4,000 visits, 6,000 visits, and 12,000 visits. Then use the orange line (square symbol) to graph the museum's marginal-cost curve. Coets 2400 2200 2000 1800 1600 1400 1200 1000 800 600 400 200 0 0 1 456 78 9 10 11 12 Visits (Thousands) Average Total Cost What kind of market would describe the museum? Natural monopoly Perfectly competitive market Single-price monopoly Under this system, each person would visit the museum would be $ minus the new tax.) Marginal Cost The mayor proposes financing the museum with a lump-sum tax of $24 and then opening the museum to the public for free. times. The benefit each person would get from . (Hint: You can measure the benefit as consumer surplus The mayor's anti-tax opponent says the museum should finance itself by charging an admission fee. The lowest price the museum can charge without incurring losses is $ . (Hint: Find the number of visits and museum profits for prices of $2, $3, $4, and $5.) At this price, each resident's consumer surplus is $