The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirt which is in long-term equilibrium. a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places. Quantity 2 4 5 6 7 8 Price FALAFON TR $/ 66 128 186 240 290 336 378 416 MR 1 TC $132 164 192 223 258 296 336 378 428 MC 7 b. What is the profit-maximizing price and output for Rising Moon? Price: $ Output: c. At the profit-maximizing output, what are MC and MR? MC: $ AC /
The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirt which is in long-term equilibrium. a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places. Quantity 2 4 5 6 7 8 Price FALAFON TR $/ 66 128 186 240 290 336 378 416 MR 1 TC $132 164 192 223 258 296 336 378 428 MC 7 b. What is the profit-maximizing price and output for Rising Moon? Price: $ Output: c. At the profit-maximizing output, what are MC and MR? MC: $ AC /
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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