answer the following questions
1. Explain in automobile industry if fixed cost or variable cost if important to take managerial decision.
2. If Maruti Udyog is assumed to work in perfectly competitive market, then draw the graph of losses and also explain the features of perfectly competitive market.
3. P = 35 - 0.005Q
TC= 5,000+2Q+0.0005Q2
1. Find equation of MR and MC
2. Determine profit ( 2marks)
3. What effect profit will have if a firm will be operating in monopoly and monopolistic competition?
Attachment:- 1542488_1_Case-study-2.zip