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 /

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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
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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 Prev 4 of 6 SAMSUNG www. Next >
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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
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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 Next >
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