Question 5

docu... 9 Search (Alt +Q) Lee, Willard David Design Layout References Mailings Review View Zotero Add-ins Help Grammarly Writer's Manual Tools TVA Procedure Thomas. C, & Maurice. S, (2020) Managerial Economics: Foundations of business analysis and strategy (13th ed). Chen, X., & Koebel, B. M. (2017). Fixed cost, variable cost, markups and returns to scale. Annals of Economics and Statistics/Annales d'Economie et de Statistique, (127), 61-94. 5. Make another copy of your spreadsheet and suppose that fire pits fall out of fashion causing prices to fall worldwide to $85. How many units should the manager choose to produce? Explain. Q TC TFC TVC AFC AVC ATC SMC TR MR TOTAL PROFIT AVERAGE PROFIT PROFIT MARGIN 0 6000 6000 6000 100 12000 6000 6000 60 60 120 60 8500 85 3500 -35 200 1500 6000 9000 30 45 75 -15 17000 85 2000 10 0.117647 300 21000 6000 1500 20 50 70 5 25500 85 4500 15 0.176471 400 33000 6000 27000 15 67.5 825 17.5 34000 85 1000 2.5 0.029412 500 48000 6000 42000 12 84 96 16.5 42500 85 -550 -11 0.12941 600 65000 6000 5900 10 98.33333 108.3333 14 51000 85 -14000 -23.3333 -0.27451 700 83000 6000 77000 8.5714 286 110 118.5714 12 59500 85 -23500 -33.5714 0.39496 800 102000 6000 96000 7.5 120 127.5 10 68000 85 34000 42.5 -0.5 130 136,6667 10 85 H 900 123000 6000 117000 6.6666667 76500 46500 -51.6667 0.60784 158000 6000 152000 6 152 158 22 85000 85 -73000 -73 -0.85882