Information for questions 34-40 The figure shows the Demand…
Information for questions 34-40 The figure shows the Demand curve for a monopoly. This monopolist has no fixed cost, and a constant Marginal Cost = 0.5 (the Marginal Cost curve is also shown). Note that one horizontal grid space = 5 units, while one vertical grid space = $0.25. For all numeric questions, only the 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=3, Q=0, so assume that that is the exact choke point, that is, that when the price P=3, then the demand is Q=0, exactly. If a question cannot be answered with the information given, enter the number 0. Calculate the profit per unit that the monopolist makes. Note: if the profit per unit is a loss, enter a negative number.