Question: please answer all Answer ALL questions Question 1 Ah Ling's Premium Chocolates produces boxes of chocolates for its online business. She rents a small room
please answer all

Answer ALL questions Question 1 Ah Ling's Premium Chocolates produces boxes of chocolates for its online business. She rents a small room for RM150 a week in the city centre that serves as her factory. She can hire workers for RM2?5 a week. There are no implicit costs. Boxes of Number of Chocolates Workers Produced per Week Marginal Product Total Cost of of LabOur '\"pu's (a) Complete the table above. [10 marks] (b) Is Ah Ling operating in the short-run or long-run? Why do you say so? [4 marks] (c) In one of the weeks, Ah Ling earns a profit of RM125. If her revenue for that week is RM1100, how many boxes of chocolate did she produce? [3 marks] (d) If Ah Ling takes a break fora week. would she be earning a profit or suffering a loss? Why? [3 marks]
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
