Slide 2 Questions: a. What is the total revenue of the rm at the optimum level of output? b. What is the total cost at the optimum level of output? c What is the profit ofthe firm at the optimum (profitmaximizing) level of output? (:1. What is the average cost of each unit sold at the optimum level of output? e Is the rm at its log-run equilibrium? If yes01 why? Perfectly Competitive Market: Optimum Output Level M ATC C 25 E M R 15 A Output 80 O