Lucky Bubble is one of the 500 companies in producing bubble tea in Country Happy. The equilibrium price of a cup of bubble tea is $30 and Lucky Bubble has the following cost structure.

Q TC 0 12,500

1,000 30,000

1,500 36,000

2,000 43,000

2,500 53,000

3,000 68,000 (a) Construct ONE new table based on the above data. Besides including the original columns of quantity, add columns of average total cost, average variable cost and marginal cost of Lucky Bubble. Round your answers to integer, if applicable. (Remarks: Significant mark deduction applies if the table is broken into 2 parts or 2 tables) (6 marks) (b) Determine and explain the profit maximizing output, price and economic profit (loss) of Lucky Bubble. Show your workings.