You are hired as a consultant to a firm in a perfectly competitive market.

The price of the product is USD 35. Fill-up the cost schedule below.

What is the firm's profit maximizing level of output?

Q P TR TC PROFIT MR MC FC VC ATC AVC

0 35 _ 30 _ _ _ _ 0 _ _

1 _ _ 40 _ _ _ _ _ _ _

2 _ _ 55 _ _ _ _ _ _ _

3 _ _ 75 _ _ _ _ _ _ _

4 _ _ 100 _ _ _ _ _ _ _

5 _ _ 130 _ _ _ _ _ _ _

6 _ _ 165 _ _ _ _ _ _ _