A single-price profit-maximizing monopolist is enjoying economic...

A single-price profit-maximizing monopolist is enjoying economic profits.

(a) Graph its marginal cost (MC), average total cost (ATC), marginal revenue (MR), and demand curves (D), labeling all.

(b) Label its profit-maximizing price (P_M) and quantity (Q_M).

(c) What would happen to the firm's total revenue if it produced more than the profit-maximizing quantity? Explain.

(d) The firm becomes able to perfectly price discriminate. Label its new profit-maximizing quantity of production Q_M2.

(e) Shade the entire area(s) of increased firm revenue.

(f) Will the change in part (d) cause the monopoly to become allocatively efficient? Explain.

(g) The demand curve intersects the y-axis at $100. P_M is $20, and Q_M is 700 units. Calculate the area of lost consumer surplus. 

(h) The government imposes a $2 per-unit tax that results in the new profit-maximizing quantity being 500 units. What will the government's tax revenue be?