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Solve plz as iam facing many problems 3. Ball Bearings, Inc. faces costs of production as follows: Quantity Total fixed cost Total variable cost 0

Solve plz as iam facing many problems

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3. Ball Bearings, Inc. faces costs of production as follows: Quantity Total fixed cost Total variable cost 0 S l 00 $ 0 1 l 00 50 2 l 00 70 3 l 00 90 4 1 00 140 5 1 00 200 6 l 00 360 a. Calculate the company's average xed costs, average variable costs, average total costs, and marginal costs at each level of production. b. The price of a case of ball bearings is $50. Seeing that she can't make a prot, the Chief Executive Ofcer (CEO) decides to shut down operations. What are the firm's prots! losses? Was this a wise decision? Explain. c. Vaguely remembering his introducton 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 protsosses at that level of production? Was this the best decision? Explain

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