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Refer to the diagram below and answer the following questions: Cost and demand conditions 53127 11 Price per bushel 7--1 4 MC ATC AVC

Refer to the diagram below and answer the following questions: Cost and demand conditions 53127 11 Price per bushel 7--1 4 MC ATC AVC d = MR 0 369 12 16 17 q Bushels of wheat a. At a price of $15, what is total revenue? [2 points] b. At a price of $15, what is total costs? [2 points] c. At a price of $15, what is total profit earned by this firm? [1 point]

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