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

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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