Question: please answer all the questions in full format Ah Ling's Premium Chocolates produces boxes of chocolates for its online business. She rents a small room

please answer all the questions in full format

please answer all the questions in full format Ah Ling's Premium Chocolates

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 RM275 a week. There are no implicit costs. Boxes of Number of Chocolates Margin: Cost of Cost of Total Cost of Workers Produced per 0 u Factory Workers Inputs Week of Labour -_ 330 2 3 5 m_ (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 RM11UD. how many boxes of chocolate did she produce? [3 marks] (d) If Ah Ling takes a break for a week. would she be earning a profit or suffering a loss? Why? [3 marks] Question 2 The following table presents cost and revenue information for a tuition centre. COSTS M Quantity Total Marginal Quantity Total Marginal Produced Cost Cost Demanded Revenue Revenue \"-_-E_ --E_ m_ m_ -m_ -E_ \"-_-z_ -E_ n-_-z_ BBM102/03 Microeconomics July 2020 (a) Complete the table above. [6 marks] (b) (i) What is the equilibrium output? [2 marks] (ii) Calculate the profit or loss at that output level. [2 marks] (iii) Is the tuition centre earning a profit or suffering a loss? [1 mark] (c) Suppose the tuition fees were raised to RMSD. (i) Calculate the new total revenue and marginal revenue. [4 marks] (ii) What is the new equilibrium output? [2 marks] (iii) What has happened to the profit? [3 marks] Question 3 Consider the following demand and cost information for a firm. . . Total Marginal Marginal . QuantIty PrIce Total Cost Revenue Revenue Cost ProfIts D 30 3 0 1 25 7 25

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