1)Frank owns a Caf and for the last 2 months his total revenue was not sufficient to cover his average total cost resulting in an economic lost.What are Frank's options in the short run to minimise his loss. NOTE: There are two options available to him.

2)A manufacturer must decide what level of output is profit maximising quantity. Use graph(s) to illustrate and explain how the manufacturer can use marginal analysis to decide on this level of quantity.