Exercise # 6 Go back to the original productivity numbers, the original variable cost numbers ($24/day). Suppose that bat prices are $2.5 per bat. Find the profit-maximizing output if xed costs are $120/day; $200/day; and $300/day. Also find the level of profits that the company makes at profit-maximizing output, for each of these levels of fixed costs. Exercise # 5 Taking the fixed cost numbers from above (SSO/day in fixed costs) and the original productivity numbers, suppose that workers now want to be paid $40/day. Calculate the profit-maximizing level of employment at $1.4/bat, $2.1/bat, $2.5/bat. At each price, is the optimal level of production more or less than before? \f