A U a VO Revenue and cost (dollars per unit) - NW 0 10 20 30 40 50 Output (units per day) 3. The above figure shows the cost curves of a profit-maximizing perfectly competitive firm. If the price equals $7 a) how much will the firm produce? b) how much is the firm's average total, average variable, and marginal costs? ) how much is the firm's total, total variable, and total fixed costs? d) how much is the firm's total revenue and economic profit? e) what will happen in this market in the long run