QUESTION 1 (CLO2; C1 - C2) The production costs for Simply Chocolate Enterprise are given in the table below. Output Total Cost Average Average Fixed Cost Variable Cost Average Cost Marginal Cost (units) (RM) (RM) (RM) (RM) (RM) 0 60 100 2 120 3 80 4 400 100 Based on the above table, answer the following questions. (a) Fill in blank above. (6 marks) (b) Approximate the value of fixed cost. (1 mark) (c) Identify whether Simply Enterprise operating in the short run or long run. Give your reason. (2 marks) (d) State ONE (1) example of variable cost that might be used by Simply Chocolate Enterprise. (1 mark)