Hello, I was hoping someone could help me solve this problem. Thank you so much! There shouldn't be an missing information for this question.

2Fill in the following table for a product in a purely.r competitive market. The market price for the good is $32. Use the total revenuetotal cost approach to evaluate at what quantity the firm can maximize its profits. Total Total Total Marginal Marginal Cost product fixed variable Total cost Total Ravenue output cost cost rovenue Profit:r Loss o Sso s o $_ 5 $ so 5 so 15 so so so so so rs so 1435 so 14o so ms 69 69 L ceases 64696969 69 69 { 69 2 3 4 5 E 1', B 696'! 696'! 2- ECON Apples is selling apples in a purelyr competitive market. Its output is 5000 pounds, which it sells for $5 a pound. At the 5000-pound level of output, the average variable cost is $4.00, the marginal cost is $4.25, and the average total cost is $4.50 a pound. Should the rm increase output, decrease output, or not produce? Why? How should the rm determine the optimal level of output? 3.Firms in the market for footballs are selling in a purely competitive market. ECON Footballs has an output of 5,000 balls, which it sells for $10 each. At the output level of 5.000 the average variable cost is $6.00, the average total cost is $150. and the marginal cost is $10.00. What would you expect the firm to do in the short run? The market in the lon- run