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7) The following table presents the quantity (Q) in millions of bottles of Marker's Mark bourbon that would be willingly purchased at various prices. Additionally,

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7) The following table presents the quantity (Q) in millions of bottles of Marker's Mark bourbon that would be willingly purchased at various prices. Additionally, the Fixed Cost (F) and Variable Cost (VC) in millions are provided for each respective quantity. The 'good old boys' that own Makers Mark are interested in maximizing profits. a. How much bourbon should Makers Mark produce and what price should it charge? You can fill in the additional columns as needed, and you are permitted to use Excel. (10) Q Price F VC TC AFC AVC TR Profit MR MC 10 $60 10 100 20 $55 10 200 30 $50 10 300 40 $45 10 400 50 $40 10 500 60 $35 10 600 70 $30 10 700 80 $25 10 800 06 $20 10 900 100 $15 10 1000 110 $10 10 1100 120 $5 10 1200 b. If fixed costs dropped to $0, or increased to $1billion, how would it change the firm's output and price

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