I need A 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.

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Question 1 Table 1 below shows Samsung's Company production for washing machine in a week. The total cost (TC) and price level at each different quantity of washing machine they produce shown below. Output (Unit) Total Cost (S) (TC) Marginal Cost (S) (MR) Total Marginal Revenue (S) (MR) Price Profit (S) Revenue (S) (TR) (S) 10 1 35 20 40 50 4 70

Question 1 Table 1 below shows Samsung's Company production for washing machine in a week. The total cost (TC) and price level at each different quantity of washing machine they produce shown below. Output (Unit) Total Cost (S) (TC) Marginal Cost (S) (MR) Total Marginal Revenue (S) (MR) Price Profit (S) Revenue (S) (TR) (S) 10 1 35 20 40 50 4 70

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter8: Output, Price, And Profit: The Importance Of Marginal Analysis

Section8.A: Appendix The Relationships Among Total, Average, And Marginal Data

Problem 1TY

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12 st L8 Get & Transform Data 4 6 7 1 2 Available Product 3 8 9 10 11 12 13 A 14 15 16 17 18 19 20 All :X ✓ fx B Pounds made Workbook Links Queries & Connections 3000 Flour (ounce) 1500 Egg (piece) 4500 Labor (man-hour) Unit Price Variable Cost Demand UCM Adiucted C 3.2 1.5 6 D $12.50 $6.50 960 $6.00 2.6 1.5 5 Data Types $11.00 $5.70 928 $5.30 E 1.5 1 4 <1 $9.00 $3.60 1041 $5.40 F 0 0 0 0 Banana Muffin Choc Muffin Banana Cookies Choc Cookies Milk Bread White Bread 0.7 0.3 0.5 0 2.5 1.5 $6.00 $3.00 $2.20 $1.20 1084 1055 $3.80 $1.80 AV 0 0.8 1 3 G $7.00 $2.80 977 $4.20 Sort & Filter H Advanced 0
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