Question: The table below shows the data for a perfect competition company in Kuantan. Output Price (RM) Total Cost Total Marginal Marginal (units) (RM) Revenue Cost

The table below shows the data for a perfect competition company in Kuantan. Output Price (RM) Total Cost Total Marginal Marginal (units) (RM) Revenue Cost (RM) Revenue (RM) (RM) 10 I 10 2 13 U A W N - O 15 4 25 35 7 14 a) Complete the table above with the correct figures. (6 marks) b) Identify the profit maximization level of output and indicate the type of profit earned by this firm. How much is the profit or loss? (4 marks)

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