Use the attached Excel sheet &, to answer the following question. It has been partially filled in to start you off, but you'll need to fill in the rest to answer the question. Assume that you were able to collect data on the community's lumber production, mentioned in Q3. They want to ensure that they are able to keep using their forest sustainably for the long-term future, and have come to you for help. Being a clever environmental econ student, you already know that implementing a license fee might be a useful way to accomplish this. However, you'll have to do some calculations first. Assume that both the price of lumber and the cost to produce it remains constant, so that each unit of lumber sells for $3, and the cost for each logger to go into the forest is $9. Using the information, determine what would be an appropriate value for the license fee per logger. In other words, what license fee value will lead to a profit-maximizing level of output?Number of Loggers un N 6 Total Product 10 15 19 22 24 Total Revenue Total Costs Total Profit Average Revenue Per Logger Marginal Revenue Per Logger Marginal Cost Per Logger