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JADUAL 2 (TABLE 2) COSTS REVENUES Quantity Produced Total Cost (RI I) Marginal Cost Quantity Demanded Price (RM/unit) Total Revenue Marginal Revenue 0 100 - 0 170 -1 140 1 160 2 184 2 150 3 230 3 140 4 280 4 130 5 335 5 120 6 395 6 110 7 475 7 100 8 565 8 90 Usahatani Company, a monopolist, has the following cost and revenue information in selling their fertilizer Refer to Table 2
JADUAL 2 (TABLE 2)
COSTS REVENUES Quantity Produced Total Cost (RI I) Marginal Cost Quantity Demanded Price (RM/unit) Total Revenue Marginal Revenue 0 100 - 0 170 -1 140 1 160 2 184 2 150 3 230 3 140 4 280 4 130 5 335 5 120 6 395 6 110 7 475 7 100 8 565 8 90
Usahatani Company, a monopolist, has the following cost and revenue information in selling their fertilizer
Refer to Table 2. What are Usahatani Company fixed costs?
Expert Solution
| Quantity Produced | Total Cost | Marginal Cost | Quantity Demanded | Price | Total Revenue | Marginal Revenue |
| (RM) | (RM/Unit) | |||||
| 0 | 100 | - | 0 | 170 | - | |
| 1 | 140 | 40 | 1 | 160 | 160 | 160 |
| 2 | 184 | 44 | 2 | 150 | 300 | 140 |
| 3 | 230 | 46 | 3 | 140 | 420 | 120 |
| 4 | 280 | 50 | 4 | 130 | 520 | 100 |
| 5 | 335 | 55 | 5 | 120 | 600 | 80 |
| 6 | 395 | 60 | 6 | 110 | 660 | 60 |
| 7 | 475 | 80 | 7 | 100 | 700 | 40 |
| 8 | 565 | 90 | 8 | 90 | 720 | 20 |
Marginal Cost = Change in Total Cost/Change in Quantity Produced
Total Revenue = Price*Quantity Demanded
Marginal Revenue = Change in Total Revenue/Change in Quantity Demanded
Ans. Usahatani Company's Fixed Costs = 100
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