Answer to Question #8856 in Microeconomics for Shaminee

Question

answer the following question based on the table below.
a) complete the table below
b)determine the price and output at equilibrium for this imperfectly competitive firm.is this a short-run or long run equilibrium?why?
c)calculate the ATC and AVC for this firm.At equilibrium does this firm earn a profit,loss or break-even? if profit or loss what are the unit and total profits or losses?


Q TC (RM) MC (RM) P (RM) MR AR TR Total profit
0 10 10
1 6 9
2 4 8
3 5 7
4 7 6
5 10 5
6 14 4
7 19 3
8 25 2
9 32 1