You are the manager of a firm producing soft-drinks. Your accounts department gives you the following...

 

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You are the manager of a firm producing soft-drinks. Your accounts department gives you the following information. The price of soft-drink of the other firms in the market is SAR 5. Output Price Total Marginal Total Variable Fixed Marginal Profits (Q) (P) Revenue Revenue Costs costs Costs Costs 0 5 1 2 3 4 5 6 7 8 9 10 7 8 9 11 13 16 21 28 36 50 a. Fill in the blanked cells. b. Determine type of firm is this? And how could you tell? c. Determine the quantity of output for profit maximization. d. Find the level of profits at the above point. e. Draw the graphs of Total Revenue and Total Costs and show the You are the manager of a firm producing soft-drinks. Your accounts department gives you the following information. The price of soft-drink of the other firms in the market is SAR 5. Output Price Total Marginal Total Variable Fixed Marginal Profits (Q) (P) Revenue Revenue Costs costs Costs Costs 0 5 1 2 3 4 5 6 7 8 9 10 7 8 9 11 13 16 21 28 36 50 a. Fill in the blanked cells. b. Determine type of firm is this? And how could you tell? c. Determine the quantity of output for profit maximization. d. Find the level of profits at the above point. e. Draw the graphs of Total Revenue and Total Costs and show the

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