Question: Please do it fast Q 2a (2 marks) Jo gives up her customer service officer job in a bank from which she earns $65,000. She

Please do it fast

Please do it fast Q 2a (2 marks) Jo gives up her

Q 2a (2 marks) Jo gives up her customer service officer job in a bank from which she earns $65,000. She wants to open a boutique shop. It will cost Jo 600,000 per year to rent her shop, hire staff and cover all other expenses. The boutique will bring in $665,000 worth of Revenue. Is Jo making an economic profit / zero economic profit / or loss? How much is it? Q 2b) Refer to the following table: Variable Input Total Product Marginal Product (MP) Average Product (AP) (Labour) (Output) Co XXXXX 84 248 82.68 Q2. b.i (1 mark) The average product for the 1 unit of variable input = Q2. b.ii (1 mark) The Total product for the 2 units of variable input = Q2. b.iii (1 mark) The marginal product for the 3 unit of variable input - Q2. c (2 marks) In addition to the "Kinked" demand curve Model, list two non-cooperative oligopoly models

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