The graph illustrates an average total cost (ATC) curve (also sometimes called average cost), marginal cost (MC) curve, average variable cost (AVC) curve, and marginal revenue (MR) curve (which is also the market price) for a MC ATC $485 Š450- AVC perfectly competitive firm that produces terrible towels. Please answer the three questions, assuming that the firm S300 MR=P is profit maximizing and does not shutdown in the $225 short run. What is the firm's total revenue? 205 260 336 365 Quantity 52000 Incorrect What is the firm's total cost? s 85800 Incorrect What is the firm's profit? (Enter a negative number for a loss.) -33800 Price

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