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QUESTION 1 (20 MARKS) The diagram below represents the short-run cost and revenue curves of a firm, Deka Bhd. Cost and r
Posted: Wed Jul 06, 2022 6:29 pm
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- Question 1 20 Marks The Diagram Below Represents The Short Run Cost And Revenue Curves Of A Firm Deka Bhd Cost And R 1 (33.64 KiB) Viewed 19 times
QUESTION 1 (20 MARKS) The diagram below represents the short-run cost and revenue curves of a firm, Deka Bhd. Cost and revenue (RM) 65 16 15 12 10 MC 90 150 AVC AC AR *Quantity al identify the market structure of the firm operating in perfect competition or monopoly or monopolistic competition. Give a reason for your answer. (4 marks) b) Find the profit maximizing price and output. (2 mark) c) Calculate the amount of total revenue (TR), total cost (TC), and profit/loss at equilibrium, State the type of profit. (10 marks) d) Should the firm.continue or shut down its operation? Why? (4 marks)