Question: please answer $ MC ATC 11 P AVC 2 110 Quantity Refer to the above graph of a profit maximizing firm to answer the following

please answer $ MC ATC 11 P AVC 2 110 Quantity

please answer

$ MC ATC 11 P AVC 2 110 Quantity Refer to the above graph of a profit maximizing firm to answer the following questions: Part 1: Total revenue is 1400 Part 2: Total cost is 1400 Part 3: Total profit/loss(-) is 0 Part 4: Total fixed cost is 980 Part 5: Average fixed cost is Number Part 6: Marginal revenue is Number Part 7: Based on the firm's short run position shown on the graph, what will happen to the market in the long-run? Click for List Part 8: After part 7, what happens to the market equilibrium price in the long run? Click for List Part 9: What level of profit will the firm be earning in the long-run ? Click for List

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