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 Price TR MR TC MC AC 0 / $/ / $121 / / 1 63 153 2 122 182 3 177 213 4 228 246 5 275 281 6 318 318 7 357 357 8 392 398 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: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places. AC: $ AR: $ e. Given your answers above, what type of market must Rising Moon be operating in? Rising Moon must be operating in a
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 Price TR MR TC MC AC 0 / $/ / $121 / / 1 63 153 2 122 182 3 177 213 4 228 246 5 275 281 6 318 318 7 357 357 8 392 398 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: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places. AC: $ AR: $ e. Given your answers above, what type of market must Rising Moon be operating in? Rising Moon must be operating in a
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
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 | Price | TR | MR | TC | MC | AC |
| 0 | / | $/ | / | $121 | / | / |
| 1 | 63 | 153 | ||||
| 2 | 122 | 182 | ||||
| 3 | 177 | 213 | ||||
| 4 | 228 | 246 | ||||
| 5 | 275 | 281 | ||||
| 6 | 318 | 318 | ||||
| 7 | 357 | 357 | ||||
| 8 | 392 | 398 |
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: $
d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.
AC: $
AR: $
e. Given your answers above, what type of market must Rising Moon be operating in?
Rising Moon must be operating in a
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