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....

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Extracted text: 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) Price (S) Total Total Marginal Cost ($) Marginal Revenue Profit Cost (S) (TC) Revenue (S) (S) (TR) (S) (MR) (MR) 10 1 35 20 40 50 4 70 5 100 140 Table 1 a. Assume that Samsung's company is in perfect competition market, calculate the marginal cost (MC) and marginal revenue(MR) and profit at each output level. Show your 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 washing machine, will their profit maximizing price and output remain the same or not? Justify your 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 best suggestion for Samsung company to maximise its profit. Why? Draw only ONE diagram.