e below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different e gift boxes. Fill in the blanks in the table. ons: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue ity TC ATC MC охes ($) ($) ($) 65.00 6.50 4.00 82.50 5.50 3.3 X 102.6 O 5.13 4.00 127.50 5.10 O 5.00 162.50 5.42 7.00 207.50 5.93 9.00 the profit-maximizing price is $5 per gift box, and then answer the following questions: ing qu antity 25. 00 gift bo KOr
e below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different e gift boxes. Fill in the blanks in the table. ons: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue ity TC ATC MC охes ($) ($) ($) 65.00 6.50 4.00 82.50 5.50 3.3 X 102.6 O 5.13 4.00 127.50 5.10 O 5.00 162.50 5.42 7.00 207.50 5.93 9.00 the profit-maximizing price is $5 per gift box, and then answer the following questions: ing qu antity 25. 00 gift bo KOr
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
Please help with the incorrect number in the chart. 3.3 and 4.0 are both incorrect and I am unsure of what to put. Thanks for the help! :)
Transcribed Image Text:The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of
chocolate gift boxes. Fill in the blanks in the table.
Instructions: Enter your answers rounded to two decimal places.
Choco Lovers Cost and Revenue
Quantity
TC
ATC
MC
of Gift Boxes
($)
($)
($)
10
65.00
6.50
4.00
15
82.50
5.50
3.3
20
102.6
5.13
4.00
25
127.50
5.10
5.00
30
162.50
5.42
7.00
35
207.50
5.93
9.00
Assume the profit-maximizing price is $5 per gift box, and then answer the following questions:
a. Profit-maximizing quantity = 25.00
gift boxes
b. Total revenue =
$ 125.00
c. Profit = $ -2.50
d. Profit per unit = $
-0.10
per gift box
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