Σ 00 Help The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a monopolistic firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Total Quantity Price Total Cost Marginal Cost Marginal Revenue Revenue $20 $30 25 475 230 $8 540 267.5 7.5 13 35 17 307.5 11 40 45 640 352.5 6. 11 15 675 14 472.5 13 5. Instructions: Enter your answers as whole numbers. For profit, round your answer to 2 decimal places. Profit-maximizing quantity = %3D Profit-maximizing price = %3D Profit = %3D < Prev 7 of 8 Next > 2 68°F Mostly clear nere to search 直 0 L Profile Ball®1.0 F6 F5 F4 F2 F1 & V 24 4 23 5. 3. 2. T R B C. Alt
Σ 00 Help The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a monopolistic firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Total Quantity Price Total Cost Marginal Cost Marginal Revenue Revenue $20 $30 25 475 230 $8 540 267.5 7.5 13 35 17 307.5 11 40 45 640 352.5 6. 11 15 675 14 472.5 13 5. Instructions: Enter your answers as whole numbers. For profit, round your answer to 2 decimal places. Profit-maximizing quantity = %3D Profit-maximizing price = %3D Profit = %3D < Prev 7 of 8 Next > 2 68°F Mostly clear nere to search 直 0 L Profile Ball®1.0 F6 F5 F4 F2 F1 & V 24 4 23 5. 3. 2. T R B C. Alt
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Σ
00
Help
The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a monopolistic firm producing different quantities
of chocolate gift boxes. Fill in the blanks in the table.
Total
Quantity
Price
Total Cost
Marginal Cost Marginal Revenue
Revenue
$20
$30
25
475
230
$8
540
267.5
7.5
13
35
17
307.5
11
40
45
640
352.5
6.
11
15
675
14
472.5
13
5.
Instructions: Enter your answers as whole numbers. For profit, round your answer to 2 decimal places.
Profit-maximizing quantity =
%3D
Profit-maximizing price =
%3D
Profit =
%3D
< Prev
7 of 8
Next >
2 68°F Mostly clear
nere to search
直 0
L
Profile Ball®1.0
F6
F5
F4
F2
F1
&
V
24
4
23
5.
3.
2.
T
R
B
C.
Alt
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