a. Fill in the blanks. b. Based on your findings, what is the output that should be produced? Why? c. Assuming this is a production schedule for a winter coat producer, what are some options that they have? What do you recommend? Don't just say, “They should give up."

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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пext page.
a. Fill in the blanks.
b. Based on your findings, what is the output that should be produced? Why?
c. Assuming this is a production schedule for a winter coat producer, what are some
options that they have? What do you recommend? Don't just say, "They should
give up."
Output
Price
TR
TC
Total Profit
MR
MC
ATC
VC
AVC
200
300
X
1
190
600
2
180
680
3
170
750
4
160
810
5
150
860
140
920
7
130
990
120
1070
110
1150
10
100
1300
Transcribed Image Text:пext page. a. Fill in the blanks. b. Based on your findings, what is the output that should be produced? Why? c. Assuming this is a production schedule for a winter coat producer, what are some options that they have? What do you recommend? Don't just say, "They should give up." Output Price TR TC Total Profit MR MC ATC VC AVC 200 300 X 1 190 600 2 180 680 3 170 750 4 160 810 5 150 860 140 920 7 130 990 120 1070 110 1150 10 100 1300
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