QUE SEL 1. A competitive firm sells its output for $20 per unit. When the firm produces 200 units of output, average variable cost is $16, marginal cost is $18, and average total cost is $23. (30 points) 912 75 (1) Calculate the firm's total revenue, total cost, and profit at 200 units of output. (2) Calculate the firm's fixed cost at 200 units of output. 1x sett skogaire (9) (3) Is the firm maximizing its profit (or minimizing its loss) by producing 200 units of output? on hry 15126 GB (4) Compare the firm's profit or loss at 200 units of output with its profit or loss if it were to shut down.