* Question Completion Status: We R' Write has collected some cost information for you regarding the production of pens. In the table below, you are provided with the total output of pens per day corresponding to different levels of labor. You are also provided with the price of labor per day, the total fixed costs per day, and the price per pen. . Currently, We R' Write is using 75 employees on the production line. Is this level producing maximum profits? How did you determine this answer? . What is the level of profit made when 90 workers are used per day to produce pens? How did you determine this? . Should We R' Write continue to produce or temporarily shut down in the short run, if 12,000 pens are produced per day? Why, or why not? . At what level of output and workers used are profits maximized? Identify two ways you can find this maximum profit using the information in the table below. Round these answers to the nearest whole number Round these answers to the nearest penny Price of Number of Labor Total Total Output Workers per Variable Fixed Total Average Average Average (Pens Employed Worker Cost of Costs Cost per Price per Total Variable Fixed Total Marginal |Marginal Produced) per Day per Day Labor per Day Day Pen Revenue Profit Cost Cost Cost Cost Revenue 0 0 $560 $0.00 $500 $500 $3.50 $0.00 $500 1,000 15 $560 $8,400 $500 $8,900 $3.50 $3,500 $5,400 $8.40 $0.50 $8.90 $8.40 $3.50 2,700 30 $560 $16,800 $500 $17,300 $3.50 $9,450 -$7,850 $6.22 $0. 19 $6.41 $4.94 $3.50 5,100 45 $560 $25,200 $500 $25,700 $3.50 $17,850 $7,850 $4.94 $0. 10 $5.04 $3.50 $3.50 7,900 60 $560 $33,600 $500 $34, 100 $3.50 $27,650 -$6,450 $4.25 $0.06 $4.32 $3.00 $3.50 12,000 75 $560 $42,000 $500 $42,500 $3.50 $42,000 -$500 $3.50 $0.04 $3.54 $2.05 $3.50 15,700 90 $560 $50,400 $500 $50,900 $3.50 $54,950 $4,050 $3.21 $0.03 $3.24 $2.27 $3.50 18, 100 105 $560 $58,800 $500 $59,300 $3.50 $63,350 $4,050 $3.25 $0.02 $3.28 $3.50 $3.50 20,300 120 $560 $67,200 $500 $67,700 $3.50 $71,050 $3,350 $3.31 $0.02 $3.33 $3.82 $3.50 21,900 135 $560 $75,600 $500 $76, 100 $3.50 $76,650 $550 $3.45 $0.02 $3.47 $5.25 $3.50 22,300 150 $560 $84,000 $500 $84,500 $3.50 $78,050 $6,450 $3.77 $0.02 $3.79 $21.00 $3.50 22,300 165 $560 $92,400 $500 $92,900 $3.50 $78,050 -$14,850 $4.14 $0.02 $4.17 $0.00 $3.50 21,500 180 $560 $100,800 $500 $101,300 $3.50 |$75,250 -$26,050 $4.69 $0.02 $4.71 $-10.50 $3.50