6. o Marginal cost per unit $1: 10 Average test ' per unit ii 6 Average revenue 4 . per unit .2 0 309 _ 400 sue am: 1000 Oulput For the rm whose costs and revenues are shown in the above graph, a} prots will be maximized at a level of output of units. and b} at this level of output, prots will be $_. [Show your calculations) c} Is this rm operating in a perfectly competitive market? If this rm is in a perfectly competitive industry and is a typical rm which is making prots, what adjustment will occur in the price of the product. and how will this affect the prots of this typical rm? 1What will the nal equilibrium level of the price he