1. The table below presents cost information for a company selling coffee grinders. Assume the company is operating in a perfectly competitive market where the market price for coffee grinders is $28. Fil in the missing columns using the formulas provided. TC = FC + VC MC = ATC/AQ MR = ATR/AQ TR= MR'Q Profit = TR- TC Fixed Variable Quantity Cost Cost Total Cost Marginal Cost Marginal Rev Total Rev Profit 30 NIA NA 30 20 2 30 26 3 30 36 4 30 52 un 30 80 30 120 2. On the graph below, a. Plot the firm's marginal cost and marginal revenue curves. Be sure to label your axes. b. Find and label the intersection between them. c. Use the table from (1) to confirm that the intersection occurs at the profit-maximizing quantity of production