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Problem 1. Baseball Bats and Costs (40 points) A firm produces baseball bats in a perfectly competitive market. The cost da 0f the total cost,

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Problem 1. Baseball Bats and Costs (40 points) A firm produces baseball bats in a perfectly competitive market. The cost da 0f the total cost, $25,600 is sunk and fixed at all levels of output. The bats 5 Total Cost $54400 58.000 _-IEI'I_ 62,560 68,320 75,520 6000 46,960 14000 84,400

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