Hey would it be possible to explain the different steps to solve this problem? Thank you.

Problem 2: The following table shows the average cost and average revenue (price) for a firm at each level of output. Output 1 2 3 4 5 6 7 8 9 10 AC (E) 7.00 5.00 4.00 3.30 3.00 3.10 3.50 4.20 5.00 6.00 AR (f) 10.00 9.50 9.00 8.50 8.00 7.50 7.00 6.50 6.00 5.50 2.1. Construct a table to show TC, MC, TR and MR at each level of output (put the figures for MC and MR mid-way between the output figures). (10p) 2.2. Using MC and MR figures, find the profit-maximising output. (5p) 2.3. Using TC and TR figures, check your answer to (b). (10p) 2.4. Plot the AC, MC, AR and MR figures on a graph. (10p) 2.5. Mark the profit-maximising output and the AR and AC at this output. (10p) 2.6. Shade in an area to represent the level of profits at this output. (10p)