**Choco Lovers Cost and Revenue Table**The table below presents cost and revenue data for Choco Lovers, a purely competitive firm that produces various quantities of chocolate gift boxes. You are required to fill in the blanks within the table.**Instructions:** Enter your answers rounded to two decimal places.| Quantity of Gift Boxes | TC ($) | ATC ($) | MC ($) ||------------------------|---------|---------|--------|| 15 | 170.00 | 11.33 | 10.00 || 20 | 217.50 | 10.88 | || 25 | | 10.70 | 10.00 || 30 | 322.50 | | 11.00 || 35 | 387.50 | 11.07 | 13.00 || 40 | 462.50 | 11.56 | 15.00 |**Assuming the profit-maximizing price is $11 per gift box, answer the following questions:**a. Profit-maximizing quantity = _____ gift boxesb. Total revenue = $_____c. Profit = $_____d. Profit per unit = $_____ per gift box

here by using the given information we calculate and fill the table and answer the following terms…

The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue Quantity of Gift Boxes TC (S) ATC (S) MC ($) 15 170.00 11 33 10.00 20 217 50 10.88 25 10.70 10.00 30 322.50 11.00 35 387 50 11.07 13.00 40 462 50 11.56 15.00

The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue Quantity of Gift Boxes TC (S) ATC (S) MC ($) 15 170.00 11 33 10.00 20 217 50 10.88 25 10.70 10.00 30 322.50 11.00 35 387 50 11.07 13.00 40 462 50 11.56 15.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 10 65.00 6.50 4.00 15 82.50 5.50 20 5.13 4.00 25 127.50 5.00 30 162.50 5.42 7.00 35 207.50 5.93 9.00 Assume the profit-maximizing price is $5 per gift box, and then answer the following questions: a. Profit-maximizing quantity = gift boxes b. Total revenue = $ c. Profit = $ d. Profit per unit = $ per gift box
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