Answer to Question #41568 in Microeconomics for risismac
Assume the following unit cost data are for a (perfectly) competitive producer.
(b) At a product price of RM32, will this firm produce in the short run? Why, or why not? If it does produce, what will be the profit-maximising or loss-minimising output? What total economic profit or loss will the firm realise to produce at such level of output?
Unfortunately, the statement of your question is a bit confusing. Data in the statement is missing. Please, give us the details so we could help you.
There is not enough information to calculate profit-maximizing output and total profit