Read problem 6, Chapter 10, page 336. Based on the Profit Model, which you can find as an Excel file titled “Profit Model” , answer the following questions:
- The assumption is that the best production quantity to maximize average profit is 140 units. Use your analysis skills by looking at the data to determine if you, as a business decision maker, would pursue this. Explain why or why not!
- What does the decision table suggest? Is this a good investment? Why or why not?
Please provide your answers in a Word document following APA guidelines
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|Quantity Produced ( 120 )||Quantity Produced (130 )||Quantity Produced ( 140 )||Quantity Produced (150 )||Quantity Produced (160 )|