You have been hired by a monopoly to analyze the followingproduction data and prepare a proposal suggesting how to maximizeprofits.
The data provided by the company is incomplete. You are to complete columns TR and ATCin the chart and make a short-run recommendation, using one of therecommendation actions from the list below. Remember that your goal isto maximize profits. Prepare a one page paper that includes yoursolutions to the table, your recommendation action, and justificationsupporting your recommendation.
- Remain at current output level.
- Increase output
- Decrease output
- Shut down
- Uncertain-the figures provided cannot possibly be correct.
need it in 1 1/2 tonight