Question 2. The following table contains information for a price taking perfectly competitive firm (it means they can not affect the price, so the price does not change, it is always $10 in this exercise). Complete the table. (Please note that the equations are given in each column.) Marginal Profit Quantity Total Total Price Revenue MR Marginal Cost (TR-TC) of Output Revenue TR Cost MC (-Change in (-Change in Q (-Q*P) TC TR/change in ) TC/change in ) 0 $10 1 2 2 3 $10 $10 $10 S10 $10 S10 $2 $6 $12 $19 $28 $42 $56 4 5 1. What is the highest level of profit in this table? (profit ............) 2. How much is the quantity of the output when profit is at this highest level? (Q........)