Question: 3. Given information in the following table: Quantity 1 2 3 4 5 6 7 Price (RM) 60 58 54 48 40 28 I 14

3. Given information in the following table: Quantity 1 2 3

3. Given information in the following table: Quantity 1 2 3 4 5 6 7 Price (RM) 60 58 54 48 40 28 I 14 Total Cost 18 20 24 30 38 50 70 a Calculate MC and MR b. Determine the quantity produced by the firm c. How much does the firm earn in terms of profit? d. What is the average cost of the firm? e. Sketch the AC, AR MR and MC curve without a scale. Garden of fruit is a firm selling fruits in a perfectly

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