Question: ECON2113 Chapter 8 Assignment - Perfect Competition Dollars per unit $120- 112 104 96 88 80 -MR / ATC AVC 16 200 300 400 500

ECON2113 Chapter 8 Assignment - Perfect Competition Dollars per unit $120- 112 104 96 88 80 -MR / ATC AVC 16 200 300 400 500 1. Using the figure above, what is the optimal quantity of goods for the firm to produce? (2 points) 2. Using the figure above, what is the optimal price for the quantity of goods for the firm to produce? (2 points) 3. Using the figure above, what is the total revenue for the firm? (2 points)

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