Question: Also, respond to the following question Using the graph below, answer the following questions: Price (per unit) MC ATC $3.00 d 2.00 1.00 0 100

Also, respond to the following question Using the graph below, answer the following questions: Price (per unit) MC ATC $3.00 d 2.00 1.00 0 100 250 300 400 Output (per day) 1. What is the optimal output choice (how many should the firm produce) given the price of $3. 2. What is the marginal revenue at that level of output? 3. What is the total revenue at that level of output? 4. What is the ATC at that level of output? 5. What is the total cost at that level of output? 6. What is the total profit or loss at that level of output

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