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
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11
d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.
AC: S
AR: S
e. Given your answers above, what type of market must Rising Moon be operating in?
Rising Moon must be operating in a monopolistically competitive market
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Transcribed Image Text:BW
11
d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.
AC: S
AR: S
e. Given your answers above, what type of market must Rising Moon be operating in?
Rising Moon must be operating in a monopolistically competitive market
Search
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4 of 6
SAMSUNG
www.
Next >
![eBook
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eferences
Mc
Graw
Hill
The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts).
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
0
2
3
4
5
6
7
8
Price
TR
$/
66
AL LL--- 1.2.
128
186
240
290
336
378
416
MR
1
TC
$132
164
192
223
258
296
336
378
428
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: $
MR: $
MC
7
ADDD
< Prev
O Search
AC
7
4 of 6
J-1-1-1
SAMSUNG
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F045a8244-192b-480f-be1a-1c18909686a5%2F7fe1119a-9e91-49f1-8194-41dca8d20aa7%2F5c8rbum_processed.jpeg&w=3840&q=75)
Transcribed Image Text:eBook
Print
eferences
Mc
Graw
Hill
The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts).
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
0
2
3
4
5
6
7
8
Price
TR
$/
66
AL LL--- 1.2.
128
186
240
290
336
378
416
MR
1
TC
$132
164
192
223
258
296
336
378
428
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: $
MR: $
MC
7
ADDD
< Prev
O Search
AC
7
4 of 6
J-1-1-1
SAMSUNG
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