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The demand for mysterious good X in Lansing is Q = 12 ? P, where P...

The demand for mysterious good X in Lansing is Q = 12 ? P, where P is the price of good X per pound and Q is the quantity demanded in pounds. The marginal cost of producing the good is $2 per pound. There is no fixed cost of producing the good. There is only one firm, Alice, who can produce the good. Alice cannot price discriminate against any consumer. (a) What is the marginal revenue curve? (b) What is the monopoly quantity? (c) How much is the markup and what is the price elasticity of demand at the monopoly price? (d) How much is the consumer surplus? (e) How much is the producer surplus?

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