can you help me solve the exercise 2 ? thank you

TSP 2020 - TEST 3 Principles of Microeconomics Allowed to use materials Your name: Duration: 60 minutes ID. No. Problems 1 (40 points) A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. a. What is its profit? b. What is its marginal cost? c. What is its average variable cost? d. Is the efficient scale of the firm more than, less than, or exactly 100 units. (Explain your answer) Problem 2 (60 points) Table 9.1 - Short-run costs for a Perfectly Competitive Firm (20 points) Q TFC TVC TO MC AVC ATC TR PR 0 $50 1 70 2 80 3 95 4 112 5 140 6 182 7 236TSP 2020 - TEST 3 Principles of Microeconomics Allowed to use materials Duration: 60 minutes 1. (10 scores) Refer to table 9.1. If the market price is $17 and the firm produces units of output, then its profit would be 2. (10 scores) Refer to table 9.1. If the market price is $28 and the firm produces units of output, then its profit would be 3. (10 scores) Refer to table 9.1. If the market price is $15, then to maximize profits this firm should produce units of output. Does a firm operate or not and why? (explain) 4. (5 scores) A perfectly competitive firm breaks even at the level of output where P = 5. (5 scores) The profit-maximizing level for all firms, regardless of industry structure, is the output level where