Question: How to work on the questions C and D using the data provided? C = 2. Amber owns a factory producing Good M which she

How to work on the questions C and D using the data provided?

How to work on the questions C and D using the dataprovided? C = 2. Amber owns a factory producing Good M which

C = 2. Amber owns a factory producing Good M which she sells at $50 per unit. There are many other firms producing similar product as Amber's factory. Table 2 below shows the output, cost and revenue data of Amber's factory. Table 2 Quantity Total Cost ($) MC ($) TR ($) MR ($) A (35) 110 100 130 C 150 160 200 200 250 250 300 B 320 D 350 420 100 400 2019 RP/SMC/DIHRM/TERM4/ZC Page 1c. From the data, determine the profit-maximizing level of output for Amber's firm. Explain. d. How much profit or loss is her firm making at the profit-maximising level of output? Show your workings clearly. 2019 RP/SMC/DIHRM/TERM4/ZC Page 2

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