Usung the following spreadsheet, find the different costs and decide what producer in each row should do( increase production, decrease production, get out of vusiness, or stay the same). Profit maximization or loss minimization are where marginal cost is equal to marginal revenue. Remember how the different costs are related to each other. 14 N O A Case B T. Revenue C Cost D TVC TEC G Price H ALC T AVC J AEC K MC L Output Profit M Action 5 400 4 5 2 3 600 200 5 8,000.00 $ 8,000.00 $ 9,000.00 $15,000 00 5200 5 800 1000 75 8 6 9 7 10 1119 12 10 $ 4.00 53.00 52 .00 Minimum 3 900 $ 7,000.00 $ 900 Minimun 5 700000 5 600 58.00 545,000.00 $ 5,000.00 $ 90,00 $10,000.00 $ 200.00 $(1.000.00) $ 500 $ 500 $10,000.00 $ 2,000.00 $ 800 $ (200.00) $1000 S 1200 $ 800 555,000.00 560,000.00 $ 0.00 $ 120.00 $ 200.00 S 5.00 Minimum cant get 300 200 100 15 1 Complete the table 17 2 What action should the time in order to maximize profits of mine loss in each case and why ERRERA Usung the following spreadsheet, find the different costs and decide what producer in each row should do( increase production, decrease production, get out of vusiness, or stay the same). Profit maximization or loss minimization are where marginal cost is equal to marginal revenue. Remember how the different costs are related to each other. 14 N O A Case B T. Revenue C Cost D TVC TEC G Price H ALC T AVC J AEC K MC L Output Profit M Action 5 400 4 5 2 3 600 200 5 8,000.00 $ 8,000.00 $ 9,000.00 $15,000 00 5200 5 800 1000 75 8 6 9 7 10 1119 12 10 $ 4.00 53.00 52 .00 Minimum 3 900 $ 7,000.00 $ 900 Minimun 5 700000 5 600 58.00 545,000.00 $ 5,000.00 $ 90,00 $10,000.00 $ 200.00 $(1.000.00) $ 500 $ 500 $10,000.00 $ 2,000.00 $ 800 $ (200.00) $1000 S 1200 $ 800 555,000.00 560,000.00 $ 0.00 $ 120.00 $ 200.00 S 5.00 Minimum cant get 300 200 100 15 1 Complete the table 17 2 What action should the time in order to maximize profits of mine loss in each case and why ERRERA