I need E Question 1Table 1 below shows Samsung's Company production for washing machine in a week. Thetotal cost (TC) and price level at each different quantity of washing machine they produceshown below.Output(Unit)Price(S)TotalTotalMarginalCost ($)MarginalRevenueProfitCost (S)(TC)Revenue(S)(S)(TR)(S)(MR)(MR)101352040504705100140Table 1a. Assume that Samsung's company is in perfect competition market, calculate themarginal cost (MC) and marginal revenue(MR) and profit at each output level. Showyour calculations. Copy and fill in the table above in a blank paper to show your answer.b. What is the profit-maximizing quantity, price and the output level for this company?Why? Justify and explain your answer. Diagram is NOT required.c. Why firm is inefficient when producing at the 6th unit? Explain your answer.d. Assume that suppose Samsung's company is price maker in the industry for washingmachine, will their profit maximizing price and output remain the same or not? Justifyyour answer with some theoretical evidences. Diagram is NOT required.e. Explain what is the "perfect first-degree and the second-degree price discrimination".Suppose a firm can practice price discrimination for their products, what is the bestsuggestion for Samsung company to maximise its profit. Why? Draw only ONEdiagram.

Price discrimination: It refers to the price that has been charged by the producers to different…

e. Explain what is the "perfect first-degree and the second-degree price discrimination". Suppose a firm can practice price discrimination for their products, what is the best suggestion for Samsung company to maximise its profit. Why? Draw only ONE

e. Explain what is the "perfect first-degree and the second-degree price discrimination". Suppose a firm can practice price discrimination for their products, what is the best suggestion for Samsung company to maximise its profit. Why? Draw only ONE

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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