Infоrmаtiоn fоr questions 23-25 The figure shows the Demаnd curve for а monopoly, with the resulting Marginal Revenue curve. Also shown are the monopoly’s Marginal Cost and Average Cost curves. Note that one horizontal grid space = 25 units, while one vertical grid space = $0.25. For all questions, only the exact answer will be accepted. Adhere to the following convention, which is necessary to get exact answers: if a line seems to cross an intersection of the grid, then by convention assume that it does. For example, the choke point of the demand curve seems to be where P=5, Q=0, so assume that that is the exact choke point, that is, that when the price P=5, then the demand is Q=0, exactly. If a question cannot be answered with the information given, enter the number 0. How much will this monopoly produce?
Infоrmаtiоn fоr questions 8-9 Pаulа received two job offers: one as a TV director for a large Hollywood producer, earning $225,000 per year; another as the director for a small regional playhouse, for $120,000 per year. She turns both offers down and instead decides to start her own representation agency, called Paula’s Actors. She pays $60,000 per year to her assistant, Mario, $110,000 per year to rent her office, $55,000 in office supplies, and $23,000 in utility bills. Only exact answer is accepted, so make sure to double check your calculations. Calculate the accounting costs of Paula’s Actors, per year.