Graph a perfectly competitive profit-maximizing firm making short-run profits. Include the marginal revenue curve, the marginal cost curve, the average total cost curve, and the average variable cost curve.

1. Identify the optimal output as 200

2. Identify the priceas $8

3. Highlight the area of total revenue

4. At the profit maximizing level of output, the total cost per unit is $6, state the amount of economic profit