Complete step 1&2, also provide an explianation / show work.

Chapter 13 - Competitive Markets Step #1: Complete the following table. COSTS REVENUES Quantity Produced Total Cost Marginal Cost Quantity Demanded Total Revenue Price Marginal Revenue 0 $100 0 $120 $120 1 $150 1 2 2 $202 $257 3 3 4 $317 4 5 5 5 5 $120 $120 $120 $120 $120 $120 $120 6 $385 $465 $562 $682 6 7 7 8 8 Step #2: What is the profit maximizing production point