Farmer Jones grows sugar. The totalrevenue, marginalrevenue, totalcost, and marginal cost of producing various quantities of sugar (bushels in1000s) are presented in the table below.

Output Total Revenue Marginal Revenue Total Cost Marginal Cost

(Bushels in the 1000s)

0 $0 - 0 -

1 109 109 120 120

2 218 109 200 80

3 327 109 240 40

4 436 109 320 80

5 545 109 480 160

6 654 109 680 200

Suppose the market for sugar is perfectly competitive. To maximizeprofits, farmer Jones should produce ___?___ thousand bushels of sugar. (Enter a numeric response using aninteger.)

At that level ofoutput, farmer Jones will earn profit of $ ___?___