Question: TUTORIAL EXERCISE ATC MC AVC MR Q a Given the minimum average total cost is RM20 per unit, minimum average variable cost is RM15 per

TUTORIAL EXERCISE ATC MC AVC MR Q a Given the minimum average total cost is RM20 per unit, minimum average variable cost is RM15 per unit and the firm produced 50 units of goods. What is the type of the profit for the firm? b) Label in the graph the profit point for the firm. If the firm would want to increase its current profit, advice the firm in terms of its production cost. 3. Differentiate between perfect competition and monopolistic competition

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