Suppose that a monopolistically competitive firm must build a production facility in order to produce a product. The fixed cost of this facility is FC = $24. Also, the firm has constant marginal cost, MC = $3. Demand for the product that the firm produces is given by P = 27-3Q.

Calculate the missing values in the following table below.Missing values are denoted by a number inside a bracket [X]. Some numbers have been filled in for you. Place your answers in the corresponding numbered fields below the table.Hint: All answers that you fill in will be integers (no decimals). Be sure to just type the numbers anddo not type in dollar signs. If you enter negative numbers, be sure to include aminus sign (-)to the left of the number.

Quantity of Price Total Average Total Profits

output Cost Total Cost Revenue

1 ____ ____ ____ ____ ____

2 ____ ____ ____ ____ ____

3 ____ ____ ____ ____ ____

4 ____ ____ ____ ____ ____

5 ____ ____ 7.8 ____ ____

6 ____ ____ ____ ____ ____

7 ____ ____ 6.4 ____ ____

8 ____ ____ ____ ____ ____

9 ____ ____ 5.7 ____ ____