Question: This question is worth 1 point for each part, 3 point total. A firm operating in a perfectly competitive market faces a market price of

This question is worth 1 point for each part, 3 point total.
A firm operating in a perfectly competitive market faces a market price of $16. Below is some additional information on the firm:
Output 50
Workers 10
Average Total Cost $67
Question 1:
What is the firm's Total Revenue? $
Question 2:
What is the firm's Average Revenue? $
Question 3:
What is the firm's Marginal Revenue? $

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