Question: Hi, please help me how can i complete for these table , graph and calculating profit ? Please explain step by step solutions, thank you
Hi, please help me how can i complete for these table , graph and calculating profit ? Please explain step by step solutions, thank you

Section B: Answer all the following questions. (25 marks) 1. The table below shows the cost for a firm at different level of output. Complete the table. (4 marks) Quantity (Units) TC VC AFC AVC ATC MC MR 3.00 3.30 2 10.80 3 0.50 0.90 5 1.30 6 1.30 7 6.30 Required: i. Draw the graph which include MC, ATC, AVC & AFC [5 Mark] ii. Find the profit maximization quantity. [2 Mark] iii. How much profit will the company obtained if they decided to produce at the maximizing quantity? [2 Mark] iv. What type of business market is this? [1 Mark]
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