Table 1 below shows Tefal's Company production for smart rice cooker in a week. The total cost (TC) and price level at each different quantity of smart rice cooker produce shown below. Output Total Marginal Price Total Marginal Prot (Unit) Cost (S) Cost ('35) (3) Revenue Revenue ($) (TC) (MR) ($) (35) (TR) (MR) 6 140 Table 1 a. Assume that Tefal's company is in perfect competition market, calculate the marginal cost (MC) and marginal revenue(l\\t[R) and prot at each output level. Copy and ll in the table above in the word document for your answer. (7 marks) b. What is the prot-maximizing price and the output level for this company'.J Why? Justify and explain your answer. (5 marks) c. Why rm is inefcient when producing at the 6th unit? Explain your answer. (5 marks) d. Assume that suppose Tefal's company is price maker in the industry for smart rice cooker, will their prot maximizing price and output remain the same or not? Justify your answer with some theoretical evidences. Diagram is NOT required