Question: Refer to the table below. Quantity Variable Fixed Total Average Marginal Average Total Marginal Costs Cost Costs Costs Variable Costs Revenue Costs (in (in dollars

Refer to the table below. Quantity Variable Fixed Total Average Marginal Average Total Marginal Costs Cost Costs Costs Variable Costs Revenue Costs (in (in dollars per (in dollars) (in dollars) (in dollars) (in dollars per (in dollars dollars per unit) unit) per unit) unit) 0 0 40 40 O 15 40 55 15 35 55 15 2 35 40 75 17.5 35 37.5 20 W 60 40 100 20 35 33.3 25 90 40 130 22.5 35 32.5 30 5 125 40 165 25 35 33 35 6 160 40 200 26.6 35 33.3 35 How much should it produce and what will its profits or losses equal? Price is 35 dollars for each unit. Show all work and calculations. (5 Points)

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