The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantitiesof chocolate gift boxes. Fill in the blanks in the table.Instructions: Enter your answers rounded to two decimal places.Quantity of Gift Boxes202530354045b. Total revenue =Choco Lovers Cost and RevenueTC ($)ATC ($)5.755.505.42c. Profit = $ 227.50d. Profit per unit = $115.00137.50162.50192.50232.50282.50Assume the profit-maximizing price is $8 per gift box, and then answer the following questions:a. Profit-maximizing quantity =35 gift boxes125.816.28MC ($)per gift box5.004.505.006.008.0010.00

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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 ATC ($) 5.75 5.50 5.42 Quantity of Gift Boxes 20 25 30 35 40 45 TC ($) 115.00 137.50 162.50 192.50 232.50 282.50 5.81 6.28 MC ($) 5.00 4.50 5.00 6.00 8.00 10.00

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 ATC ($) 5.75 5.50 5.42 Quantity of Gift Boxes 20 25 30 35 40 45 TC ($) 115.00 137.50 162.50 192.50 232.50 282.50 5.81 6.28 MC ($) 5.00 4.50 5.00 6.00 8.00 10.00

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 АТC MC of Gift Boxes ($) ($) ($) 25 205.00 8.20 7.00 30 237.50 7.92 35 7.79 7.00 40 312.50 8.00 45 362.50 8.06 10.00 50 422.50 8.45 12.00 Assume the profit-maximizing price is $10 per gift box, and then answer the following questions: a. Profit-maximizing quantity = gift boxes b. Total revenue = $
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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 ($) ($) ($) 60.00 12.00 2.00 10 67.50 6.75 15 5.17 2.00 20 92.50 3.00 25 117.50 4.70 5.00 30 152.50 5.08 7.00 Assume the profit-maximizing price is $3 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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