6. Ball Bearings Inc. faces costs of production as follows: Total Total Quantity Fixed Costs Variable Costs $100 $0 100 50 100 70 QUAWN-O 100 90 100 140 100 200 100 360 a. Calculate the company's average fixed costs, average variable costs, average total costs, and marginal costs. b. The price of a case of ball bearings is $50. Seeing that she can't make a profit, the chief executive officer (CEO) decides to shut down operations. What are the firm's profits/losses? Was this a wise decision? Explain. c. Vaguely remembering his introductory economics course, the chief financial officer tells the CEO it is better to produce 1 case of ball bearings because marginal revenue equals marginal cost at that quantity. What are the firm's profits/losses at that level of production? Was this the best decision? Explain