Question: how to complete this table I need details. Tutorial 8 Quantity Margin Fixed cost Average Average total cost (S) (S) variable al cost cost (S)

how to complete this table I need details. Tutorial 8 Quantity

how to complete this table I need details.

Tutorial 8 Quantity Margin Fixed cost Average Average total cost (S) (S) variable al cost cost (S) (S) 0 10 2 1 2 2 4 6 2.66 6 4 8 4.4 5 10 7 6 Suppose the current price of Turnip Chips is $8. With the information available: (a) Should Jane enter into the Turnip Chip industry? Why or why not? (b) What will be the long-run competitive equilibrium price for Turnip Chips? (c) Could Jane earn a profit at this long-run price? Q3: What is meant by the term 'excess capacity' as it relates to monopolistically competitive firms? Use a graph to demonstrate why a profit-maximising monopolistically competitive firm must operate at excess capacity. Explain why a perfectly competitive firm is not subject to the same constraint

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