Consider a firm where output is 200, Price is $10, MC is 7, MR is 5, ATC is 8, AVC is 4. What are Per unit profits, and what are total profits? Is this firm maximizing profits? Why or Why not? Explain. What are total Fixed costs? can you go into specifics on fixed costs, I was getting confused the last answer someone gave me was AFC * output? or AFC=ATC-AVC? the last guy said AFC *output also AFC=ATC-AVC and I did not understand that wording. How does a equation have (also) in it

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