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My firm produces bicycles. The market price for the bicycles is currently $500, and we have been producing 13 bicycles per week. I don't believe
My firm produces bicycles. The market price for the bicycles is currently $500, and we have been producing 13 bicycles per week. I don't believe that my firm could be doing any better producing any other level of output {we are currently breaking even). 1. I would like for FREAC to look into our production choices and give us its expert opinion as to whether we could improve our weekly profit (see the attached cost schedule]. 2. Make a supply schedule for my firm by filling out the table below (assume that only whole bicycles can be produced 9 or 10, not 9.374). 1l."'""hat quantity of bicycles should we supply at a market price of $200, $250, $300, $500, $550, $600 if we want to maximize prots. $200 $250 $300 $350 $500 $550 $600 Pumastperweek) alumni-\
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