Using the information from the table below, answer the following questions.
Production โ Total cost
0 โ 80
1 โ 140
2 โ 180
3 โ 200
4 โ 240
5 โ 320
6 โ 420
7 โ 540
8 โ 680
a. Total average costs for the production of 4 products.
b. Marginal cost for the production of the 6th product.
c. If its price is 100$, find the maximum profit for a perfectly competitive firm (MR=MC).