Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30 122.50 4.08 sume the profit-maximizing price is $4 per gift box Profit-maximizing quantity = ]gift boxes Total revenue = $ Profit = $| Profit per unit = $ per gift box %3D
Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30 122.50 4.08 sume the profit-maximizing price is $4 per gift box Profit-maximizing quantity = ]gift boxes Total revenue = $ Profit = $| Profit per unit = $ per gift box %3D
Chapter23: Profit Maximization
Section: Chapter Questions
Problem 3E
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