Question: PART III. (25 points) Below is a table for production of Baseball Bats. The price of each Bat is $25. The fixed cost is $10.

PART III. (25 points) Below is a table for production of

PART III. (25 points) Below is a table for production of Baseball Bats. The price of each Bat is $25. The fixed cost is $10. Fill in the blanks. (hint your fixed cost is always the same number, also your marginal revenue should the same number). At what level of output should they produce the bats and why? At what level should this plant shutdown? Profit FILL IN THE BLANKS IN THE TABLE BELOW Output Fixed Variable Total Total cost FC Cost VC Cost TC Revenue TR 1 | 12 Marginal Marginal Revenue Cost au UN 5 14 34 59 89 129

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