2. Suppose the current equilibrium price of pencils is $1.80. Below is a table that shows your total costs of producing various quantities of pencils each day. Extend this table to show marginal cost (MC) and average total cost (ATC). Assuming a perfectly competitive market, what would be the profit maximizing quantity of pencils you should produce and how much profit would you make (assume this is the short run)? (3 pts) . Output Total Cost MC ATC 0 1.00 2.50 2 3.50 3 4.20 A 4.50 5 5.20 6 6.80 8.60 10.70 9 13.00